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Orders and Judgments Duration February 08-22, 2021

It is best if the arbitral tribunal decides on the question of the existence of a valid arbitration agreement. When there is a doubt regarding the validity of an arbitration agreement, the Court must send the matter to the arbitral tribunal

News and Updates Issue 03 Duration February 01-15, 2021

The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/89 dated February 05, 2021 in relation to Loans and advances to directors, their relatives, and firms / concerns in which they are interested

Orders and Judgments Duration January 23, 2021- February 07, 2021

In a recent case, the Supreme Court (SC) has observed that Section 12(5) of Arbitration and Conciliation Act r/w the Seventh Schedule, concerning ineligibility of a person to be appointed as an Arbitrator, is a non-derogable and mandatory provision of the Act. While considering the case, the Bench observed that

News and Updates Issue 02 Duration January 16-31, 2021

The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/86 dated January 27, 2021 in relation to Prudential Guidelines on Capital Adequacy and Market Discipline – New Capital Adequacy Framework (NCAF) – Eligible Credit Rating Agencies – CRISIL Ratings

Orders and Judgments Duration January 08-22, 2021

The Supreme Court has ruled that powers under Articles 226/227 should be used sparingly by High Court (HC) when it comes to interfering with arbitral process. Such power should be exercised only in exceptional rarity, wherein one party is left remediless under the statute or a clear ‘bad faith’ shown by one of the parties.

Access Code for City or Local Natural Gas Distribution Networks Regulations R1

The Access Code seeks to enable access to Shipper on non-discriminatory basis to a city or local natural gas distribution network (‘CGD Network’) in an Authorized Area.

Determination of Natural Gas Pipeline Tariff Amendment Regulation R1

Shipper pays Invoicing Entity on the basis of Unified Tariff for total volumes of gas delivered (including quantities of ship or pay) through pipelines forming part of the National Gas Grid System.

News and Updates Issue 01 Duration January 01-15, 2021

The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/81 dated January 05, 2021 in relation to operationalization of Payments Infrastructure Development Fund (PIDF) Scheme

ORDERS AND JUDGMENTS DURATION DECEMBER 23, 2020 TO JANUARY 07, 2021

High Court’s Power Under Article 226/227 To Interfere With Arbitration Process Needs To Be Exercised In Exceptional Rarity: Supreme Court (SC) The Supreme Court (SC) has observed that the power of the High Court (HC)

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