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High Court of Bombay Dismisses Petition Challenging Arbitral Award in Joint Venture Dispute — No Grounds for Interference Under Section 34 of Arbitration and Conciliation Act, 1996. Court upholds arbitrator's findings on breach of joint venture agreement and rejection of counter claims as not perverse.

The petitioner, Development Corporation of Konkan Limited, a government company, filed a petition under Section 34 of the Arbitration and Conciliation...

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Bombay High Court Considers Section 9 Petition Seeking Renewal of Bank Guarantees Pending Section 34 Challenge to Arbitral Award. Liquidated Damages Claim in Public Utility Contract Examined for Prima Facie Case in Light of Saw Pipes and Construction & Design Services Precedents.

The proceedings arose from a contract between Oil and Natural Gas Corporation Limited (ONGC) and Afcons Gunanusa Joint Venture for construction, insta...

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Bombay High Court Dismisses Award Debtors' Application to Stay Execution of Consent Interim Award in Arbitration Matter. Challenge to Interim Consent Award After 6 Years Held Time-Barred Under Section 34(3) of Arbitration and Conciliation Act, 1996.

The case involves chamber summonses taken out by the award debtors (Swarup Group of Industries & Anr.) seeking to stay the execution of an interim con...