Bombay High Court Dismisses MTNL's Challenge to Arbitral Award in Favor of Contractor Despite Pending CBI Investigation. The court held that pendency of criminal investigation does not automatically justify stay of arbitration proceedings and that the award was not against public policy under Section 34 of the Arbitration and Conciliation Act, 1996.
16 Jul 2012The Petitioner, Mahanagar Telephone Nigam Ltd. (MTNL), a Central Government Corporation, challenged an arbitral award dated 6 January 2009 passed by a...




