Orders and Judgments Duration December 23, 2020 to January 07, 2021
The Supreme Court (SC) has observed that the power of the High Court (HC) under Article 226/227 of the Constitution of India to interfere with an arbitration process needs to be exercised in exceptional rarity, wherein one party is left remediless under the statute or a clear ‘bad faith’ shown by one of the parties. If the Courts are
News and Updates Issue 52 Duration December 16-31, 2020
The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/80 dated December 18, 2020 for Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other
Orders and Judgments Duration December 08-22, 2020
The Supreme Court (SC) has said tenant-landlord disputes under the Transfer of Property Act can be resolved through Arbitration instead of time-consuming and expensive litigation.
The apex court held that arbitral tribunals have the power to decide such disputes under the Transfer of Property Act, 1882. However, such disputes covered and governed
News and Updates Issue 51 Duration December 01-15, 2020
The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/70 dated December 04, 2020 in relation to 24×7 Availability of Real Time Gross Settlement (RTGS) System
Orders and Judgments Duration November 23, 2020-December 07, 2020
Supreme Court (SC) has observed, “…, we are of the considered opinion that the Arbitration Act, 1996 has accepted the territoriality principle which has been adopted in the UNCITRAL Model Law. Section 2(2) makes a declaration that Part I of the Arbitration
News and Updates Issue 50 Duration November 16-30, 2020
The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/66 A.P. (DIR Series) Circular No. 05 dated November 13, 2020 in relation to discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999
Orders and Judgments Duration November 08-22, 2020
The Supreme Court (SC) has dismissed the special leave petition of a firm that wanted to skip the statutory Arbitration clause in a contract and approach the court directly instead
News and Updates Issue 49 Duration November 01-15, 2020
The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/63 dated November 05, 2020 in relation to Co-Lending by Banks and NBFCs to Priority Sector
Orders and Judgments Duration October 23, 2020- November 07, 2020
In Big Charter Pvt Ltd v. Ezen Aviation Ptv Ltd, the Delhi High Court (HC) was of the view that under Section 9 of Arbitration and Conciliation Act, 1996 (1996 Act) application of an arbitration proceedings in a foreign court does not take away the jurisdiction of an Indian court. The Court was also of the view that since arbitration law in India has been codified