Search Results for "Arbitration Act, 1940"

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Bombay High Court Quashes BPCL Circular Imposing Refill Ceiling Limits on LPG Distributors as Unilateral and Arbitrary. Distributorship Agreements Without Ceiling Limits Cannot Be Varied Unilaterally by Issuing Circulars.

The petitioners, seven LPG distributors of Bharat Petroleum Corporation Limited (BPCL), challenged a circular dated 4 January 2018 and a subsequent co...

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Bombay High Court Dismisses Insolvency Petition Against Deceased Insolvent, Holding Proceedings Abate Upon Death. Insolvency Petition Under Presidency Towns Insolvency Act, 1909 Abates as Act Does Not Permit Substitution of Legal Representatives.

The case involves an insolvency petition filed by Prime Securities Ltd. against Anil Mithalal Shah under the Presidency Towns Insolvency Act, 1909. Th...

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Supreme Court Upholds Arbitral Award in Family Partition Dispute Between Brothers, Modifies by Consent. Close Relatives as Arbitrators Valid; Award Passed in One Sitting Not Invalid.

The dispute arose between two real brothers, Balwant Singh and Dungar Singh, after the death of their father Jeet Mal Jain regarding partition of fami...

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High Court of Bombay Dismisses Petition Challenging Arbitral Award in Favour of Transport Contractor in Dispute Over Deduction for Alleged Moisture in Oil Sample. Failure to Record Moisture on Delivery Challan and Acceptance of Sample Without Demur Amounts to Waiver Under Contract Clauses 21 and 27.

The petitioner, Indian Oil Corporation Ltd. (IOC), challenged an arbitral award dated 19th May 2009 passed by a Sole Arbitrator in favour of the respo...

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High Court of Gujarat Dismisses Revision by Union of India in Arbitration Award Execution — Interest Calculation Upheld. Executing Court Cannot Go Behind Decree; Order Directing Deposit of Outstanding Amount with Interest at 15% Per Annum Sustained.

The Union of India filed a revision under Section 115 of the Code of Civil Procedure, 1908 against an order dated 02.05.2003 passed by the Judge, Cour...

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Bombay High Court Dismisses Writ Petitions Against DRT Order in Debt Recovery Case — Bank Entitled to Recover Debt Under RDB Act. DRT Has Inherent Power to Reject Frivolous Counterclaim Without Recording Evidence, and High Court Should Not Interfere When Alternative Remedy of Appeal Exists.

The case involves two writ petitions arising from proceedings before the Debt Recovery Tribunal (DRT) under the Recovery of Debts Due to Banks and Fin...