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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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Bombay High Court Grants Interim Relief Under Section 9 of Arbitration Act for Enforcement of Consent Award Despite Jurisdictional Challenge. The court held that a party who consents to arbitration without objecting to jurisdiction cannot later challenge the award as a nullity on territorial grounds.

The petitioner, United Spirits Limited, filed an application under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim reliefs pe...

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Bombay High Court Partially Allows Arbitration Petition Challenging Arbitral Award in Land Acquisition Compensation Dispute. Court holds that arbitrator erred in rejecting claim for interest on delayed payment of compensation and in not awarding solatium under the Land Acquisition Act, 1894.

The petitioners, Kekobad Dossabhoy Doongriwalla and Khorshed Navzar Wadia, filed an arbitration petition under Section 34 of the Arbitration and Conci...

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Bombay High Court Dismisses Application to Strike Off Defence in Foreign Award Enforcement Proceedings. Security Deposit Condition Not a Bar to Defend Petition on Merits Under Order 39 Rule 11 CPC and Section 49 of Arbitration and Conciliation Act, 1996.

The petitioners, Pacific Basin Handymax (UK) Ltd., filed a Notice of Motion under Order 39 Rule 11 of the Code of Civil Procedure, 1908, seeking to st...

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Bombay High Court Upholds Jurisdiction of District Court for Execution of Arbitral Awards and Directs Transfer of Pending Applications. Multi-State Cooperative Bank's Award Must Be Executed by District Judge, Not Civil Judge Senior Division, Under Arbitration and Conciliation Act, 1996.

The appellant, Akola Janata Commercial Cooperative Bank Ltd., had obtained an arbitral award against the respondents under the Multi State Cooperative...

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Bombay High Court Allows Section 11(6) Application and Appoints Sole Arbitrator in Property Sale Dispute. Arbitration clauses in MOU and Agreement for Sale held prima facie valid, and dispute referred to arbitration despite respondent's objection regarding non-signing of agreement.

The applicant, Bhupinder Singh Balwant Singh, filed an application under Section 11(6) of the Arbitration and Conciliation Act, 1996, seeking appointm...