Arbitration – Interim Award on Limitation – Premature Decision without Evidence – Found Contrary to Fundamental Policy - Arbitrator decided limitation issue as preliminary issue solely on demurrer relying only on claimant's pleadings – Arbitrator himself noted that with evidence the outcome might differ – Held: Decision violates judicial approach requirement under...
Arbitration Law - Stock Broker Liability – Prior Written Instructions – NSE Regulations – Regulatory Requirement Not Mandatory in Civil Claims – Client challenged arbitral award citing lack of prior written instructions for trades – Held: Requirement for prior authorisation is regulatory, not determinative of civil liability – Absence of authorisation can...
Arbitration Law - Section 9 Arbitration Act – Maintainability Post Final Award – Petition Maintainable – Final Award Passed After Hearing Closed - Court held that merely because the final award was passed after the Section 9 petition was argued and reserved, the reliefs sought did not become infructuous – Reliefs under Section 9 may extend until enforcement of the award, es...
International Arbitration – Conflicting Jurisdiction and Arbitration Clauses – Applicability of Indian Law – Arbitration in India Ordered – The petitioner sought appointment of an arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996, invoking Clauses 16.5 and 18 of the Distributor Agreement – The respondent contended that arbitration should tak...
Arbitration and Conciliation – Maintainability of Arbitration Petition – Settlement Through Conciliation – The Petitioner sought appointment of an Arbitral Tribunal to adjudicate disputes arising from an EPC Agreement with the Respondent – Respondent contended that disputes had already been settled through conciliation meetings held under Clause 26.2 of the Agreement &ndash...
Civil Law - Arbitration – Scope of judicial interference under Section 30 of the Arbitration Act, 1940 – The appellant challenged the High Court’s order setting aside an arbitral award—Held: The High Court correctly intervened as the awarded claim of ₹68.15 lakhs was beyond the contractual scope and not based on actual damages, but speculative calculations—Courts ca...
Arbitration – Challenge to Award – Scope of Interference under Sections 34 and 37 of Arbitration Act – The appellant challenged an arbitral award granting compensation to the respondent for project delays and related claims – Held: The Court’s jurisdiction under Section 37 is limited and does not permit reappreciation of evidence – The Arbitral Tribunal’s ...
Arbitration Law – Jurisdiction under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 – Scope of Interference – Division Bench of High Court erroneously interfered with concurrent findings of DRB, Arbitral Tribunal, and Single Judge – Limited scope under Sections 34 and 37 reiterated – Division Bench's interpretation of Clauses 51 and 52 as "u...
Arbitration – Interim Relief – Security for Disputed Amount – Section 9, Arbitration and Conciliation Act, 1996 – Petitioner sought interim relief to secure Rs. 156.75 crores against Make-Up Gas owed under GSPA, alleging respondents’ inability to supply due to reduced gas production – Respondents claimed non-performance due to Force Majeure (FM) and expiration o...
Arbitration Law – Commencement of Limitation – Section 14(2) of the Arbitration Act, 1940 – Limitation Began Upon Awareness – The appellant's application under Section 17 of the Act was dismissed as premature by lower courts, interpreting the limitation to start only from formal notice of filing the award – Held: The limitation began on 21.09.2022 when the respond...
