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Search Results for "price variation clause"

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Supreme Court

Supreme Court Directs Winding Up of Mutual Fund Schemes and Interprets SEBI Regulations. The Court examined the interrelation and constitutional validity of Regulations 39 to 42 with Regulation 18(15)(c) of the SEBI (Mutual Funds) Regulations, 1996, while deferring final adjudication pending statutory proceedings under the SEBI Act, 1992.

14 Jul 2021

The Supreme Court of India addressed civil appeals concerning the interpretation and application of the Securities and Exchange Board of India (Mutual...

Supreme Court

Supreme Court Dismisses Cantonment Board's Appeal in Arbitration Appointment Dispute. Limitation period for Section 11 application under Arbitration and Conciliation Act, 1996 runs from date of refusal to appoint arbitrator, not from request date, under Article 137 of Limitation Act, 1963, and no claim certificate does not extinguish arbitration clause.

15 Mar 2021

The dispute arose from three contracts dated 23.09.2000 and 17.09.2001 between Secunderabad Cantonment Board (appellant) and M/s B. Ramachandraiah & S...

Supreme Court

Supreme Court Allows Appeals Against PNGRB's Bidding Process for CGD Networks. Board Directed to Re-evaluate Bids for Three Tamil Nadu GAs in Accordance with Regulation 7 of CGD Authorisation Regulations, 2008.

17 Feb 2020

The case arose from the ninth round of bidding for City or Local Natural Gas Distribution Networks conducted by the Petroleum and Natural Gas Regulato...

Supreme Court

Supreme Court Allows Appeals in Arbitration Appointment Dispute — High Court Erred in Applying Amended Act and Appointing Independent Arbitrator Without Adhering to Mutually Agreed Procedure. The Court held that where parties have agreed on a procedure for appointment of arbitrator, the court must respect it unless bias or failure is shown.

29 Mar 2019

The Supreme Court heard a batch of appeals arising from orders of the Rajasthan High Court appointing independent arbitrators under Section 11(6) of t...

Supreme Court

Supreme Court Allows Appeals in Arbitration Appointment Dispute — Pre-Amendment Act Applies; No Claim Certificate Does Not Bar Arbitration; Mutually Agreed Procedure Must Be Respected

29 Mar 2019

The Supreme Court heard a batch of appeals arising from orders of the Rajasthan High Court appointing independent arbitrators under Section 11(6) of t...

Supreme Court

Supreme Court Allows Appeals in Arbitration Appointment Dispute — High Court Erred in Applying Amended Act and Appointing Independent Arbitrator Without Adhering to Mutually Agreed Procedure. The Court held that pre-amended provisions of the Arbitration and Conciliation Act, 1996 apply to arbitration requests received before 23rd October, 2015, and the High Court must respect the agreed appointment procedure.

29 Mar 2019

The Supreme Court considered a batch of appeals arising from orders of the Rajasthan High Court appointing independent arbitrators under Section 11(6)...

High Court

Bombay High Court Partially Sets Aside Arbitral Award in Railway Contract Dispute — Upholds Claims 1 and 4, Sets Aside Claims 5, 7, and 13 for Lack of Evidence and Non-Application of Mind. The court held that the arbitral tribunal failed to apply its mind to contractual provisions and evidence, rendering the award patently illegal under Section 34 of the Arbitration and Conciliation Act, 1996.

6 May 2015

The Union of India (petitioner) filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging a majority arbitral award...

High Court

Bombay High Court Dismisses Petitions by Sleeper Manufacturers Challenging Railway's Rejection of Tenders for Non-Compliance with Technical Specifications. Court upholds Railway's right to prescribe and enforce technical conditions in tender documents, finding no arbitrariness or mala fides in the rejection.

10 Feb 2015

The judgment concerns two writ petitions filed by companies engaged in the manufacture of railway sleepers, challenging the rejection of their tenders...

High Court

High Court Dismisses Challenge to Arbitration Award in LPG Cylinder Supply Dispute — Price Variation Clause Not Applicable Without Written Request. Court upholds arbitrator's interpretation that purchase order prices were firm and no increase was permissible without prior written request under the contract.

27 Apr 2012

The Petitioner, BTP Structural (I) Pvt. Ltd., a manufacturer of LPG cylinders, challenged an Arbitral Award dated 21 October 2009 under Section 34 of ...

High Court

Bombay High Court Dismisses Writ Petitions Challenging Rejection of Bids in Tender Process for Supply of Medical Equipment. Court upholds rejection of bids as non-responsive for not meeting essential condition of being Original Equipment Manufacturer or authorized representative.

27 Apr 2005

The petitioner, Larsen & Toubro Limited, filed two writ petitions challenging the rejection of their bids by the State of Maharashtra and the Project ...

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