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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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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 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 Dismisses Petition Challenging Arbitral Award in Advertising Contract Dispute. Court Upholds Award of Rs.29,51,000 with 12% Interest for Breach of Contract Relating to Free Commercial Time Banking Policy.

The petitioners, M/s. Media Masters and its partner, challenged an arbitral award dated 13th March, 2009 passed by a Sole Arbitrator. The award allowe...

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Bombay High Court Partially Allows Appeal Against Arbitral Order of Asset Disclosure and Injunction in Commercial Arbitration Dispute. Court upholds disclosure direction but modifies injunction to apply only to assets sufficient to secure the claim amount.

The case involves a petition under Section 37 of the Arbitration and Conciliation Act, 1996, filed by Manish Khera and another (petitioners) challengi...

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Bombay High Court Allows Appointment of Arbitrator in Contract Dispute Between Contractor and Indian Airlines. Failure of Named Arbitrator to Act Entitles Applicant to Court-Appointed Arbitrator Under Section 11(6) of the Arbitration and Conciliation Act, 1996.

The applicant, Vijay Hiralal Jaiswal, a sole proprietor of M/s. Three Circles, submitted a tender for construction works at Indian Airlines' NEC Sahar...