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Supreme Court Rejects Challenge to ICC Arbitral Award in Share Dispute, Modifies Interest by Consent. Parties agree to Rs.107.50 crore full and final settlement with sale of project land to Bhutani Group.

The present appeal arose from a challenge to an ICC arbitral award with its seat in New Delhi. The dispute originated from a Shareholders Agreement (S...

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Supreme Court Allows Appeals Against Appointment of Arbitrator in WAPCOS Ltd. v. Salma Dam Joint Venture. The court held that the arbitration agreement was novated by a subsequent amendment and that the petitioner lacked authority to invoke arbitration after revocation of power of attorney.

The Supreme Court of India heard appeals against the Delhi High Court's order appointing a sole arbitrator under Section 11(6) of the Arbitration and ...

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Supreme Court Dismisses Railways' Appeals Against Appointment of Independent Arbitrator in Contract Disputes. Failure to Appoint Arbitrator Within 60 Days Forfeits Railways' Right Under Clause 64 of GCC.

The Supreme Court dismissed two appeals filed by the Union of India (Railways) against the judgments of the Delhi High Court appointing independent ar...

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Supreme Court Allows IDBI Bank's Appeal in Winding Up Case — Revival of Winding Up Proceedings Set Aside and Sale Deed Directed to Be Executed. Agreement to Sell Not Fraudulent Preference Under Section 531 of Companies Act, 1956 as Executed Beyond Six-Month Period and Bona Fide.

The Supreme Court considered two appeals by IDBI Bank (erstwhile United Western Bank) against judgments of the Madras High Court relating to the windi...

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Supreme Court Dismisses Insurer's Appeal, Upholds Appointment of Arbitrator in Insurance Claim Dispute. Discharge Voucher Signed Under Protest and Coercion Does Not Bar Arbitration Under Section 11(6) of the Arbitration and Conciliation Act, 1996.

The case involves an appeal by The Oriental Insurance Co. Ltd. against a Bombay High Court order appointing an arbitrator under Section 11(6) of the A...

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Supreme Court Allows IFCI's Appeal Against Retirees' Claim for Enhanced Pension Under VRS-2008. Voluntary Retirement Scheme's Full and Final Settlement Clause Bars Subsequent Claims for Pay Revision Benefits.

The dispute pertains to thirty-one employees of IFCI who voluntarily retired under the Voluntary Retirement Scheme of 2008 (VRS-2008) on 1 February 20...

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Supreme Court Dismisses Appeal in Arbitration Appointment Case — No Interference Under Article 136. Court Clarifies Scope of Section 11(6A) of Arbitration and Conciliation Act, 1996 Prior to Its Omission by 2019 Amendment.

The Supreme Court dismissed a civil appeal arising from a Special Leave Petition against a High Court decision refusing to appoint an arbitrator under...

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Supreme Court Disposes Appeals in TWAD Board Daily Wage Workers Case — Compensation in Lieu of Reinstatement Upheld. Back Wages and Compensation Treated as Full and Final Settlement for NMR Workers Terminated in 1990.

The appeals arose from a judgment of the Madras High Court affirming a Labour Court award directing reinstatement with 50% back wages for ten NMR (Nom...