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The High Court of Delhi recently addressed an important issue regarding the interpretation and application of the 2019 Amendment to Section 29A of the Arbitration and Conciliation Act (A&C Act). The court held that the amendment, which changed the time limit for rendering an award, should be applied retroactively to all pending arbitrations. The ruling

In a recent ruling the Bombay High Court provided a significant clarification regarding the interaction between the Insolvency and Bankruptcy Code (IBC) and the Arbitration and Conciliation Act. The court held that the mere filing of a Section 7 application under the IBC does not bar parties from seeking the appointment of an arbitrator under

The Union Law Ministry has taken a significant step towards enhancing the arbitration ecosystem in India by constituting an expert committee to recommend reforms in the Arbitration and Conciliation Act of 1996. Chaired by Dr TK Vishwanathan, Former Secretary of the Department of Legal Affairs, the committee comprises sixteen members with diverse legal expertise and

The Calcutta High Court has in Jaldhi Overseas Pte Ltd. v. Steer Overseas Pvt. Ltd.,recently upheld the enforcement of a foreign award, reiterating that courts should not substitute their views with those of the arbitral tribunal.

The case involved a dispute between two companies, Jaldhi Overseas and Steer Overseas. Jaldhi had offered to carry Steer’s

In a recent decision, the Delhi High Court dismissed a petition filed by the Union of India seeking enforcement of a Final Partial Award (FPA) against Reliance Industries Limited (RIL). The court held that an execution petition could not be filed under Section 48 of the Arbitration and Conciliation Act, 1996 for a partial award

Litigation funding is a relatively new concept in India, but it is gaining popularity as a way for businesses and individuals to access justice. Litigation funding is the practice of a third party providing financial assistance to a litigant in exchange for a share of the proceeds if the case is successful. This can be

The Hon’ble Supreme Court of India recently clarified that International Commercial Arbitrations (ICA) conducted in India are not bound by the statutory time limit prescribed under Section 29-A of the Arbitration and Conciliation Act, 1996. This decision has significant implications for international arbitration proceedings seated in India, providing flexibility and autonomy to the parties involved.

In a recent case, M/s. Pratap Industries Products challenged an order passed by the District Judge regarding an application made under Section 19 of the Micro, Small and Medium Enterprises Development Act, 2006 (the Act). The High Court of Himachal Pradesh, presided over by Hon’ble Ms. Justice Jyotsna Rewal Dua, ordered a fresh decision on

In a significant ruling pertaining to the enforcement of a Foreign Consent Award in ICC Arbitration, the Delhi High Court has clarified the legal status of such awards. The court dismissed the allegation of economic duress and coercion, labeling it as an afterthought, and emphasized that consent awards drawn after obtaining independent legal opinions cannot