Arbitration – Interim Measures – Invocation of Bank Guarantees – Section 17 of the Arbitration and Conciliation Act, 1996 – The appellant sought to invoke several bank guarantees provided by the respondent, while the respondent sought a restraint on this action – The Arbitral Tribunal granted an injunction restraining the appellant from invoking the bank guarantees on...
Arbitration Law – Extension of Time under Section 29A – Post-Expiry Applications – Maintainability – Appeals concerning whether an application for extension of time under Section 29A of the Arbitration and Conciliation Act, 1996, can be filed after the expiry of the mandate of the arbitral tribunal. The Calcutta High Court held that such an application must be filed before ...
Arbitration – Applicability of Arbitration Act vs. Madhya Pradesh Arbitration Tribunal – Section 7, Madhya Pradesh Madhyastham Adhikaran Adhiniyam, 1983 – Arbitration clause in contract – Jurisdictional conflict resolved in favor of the Arbitration Act – High Court set aside award based on 1983 Act – Supreme Court reinstates appeal for merits consideration &ndas...
Arbitration – Award Interpretation – Contractual Terms – The Arbitrator awarded claims for uneconomic utilization of machinery, interest on delayed payments, and pre-reference interest under Section 31(7) of the Arbitration and Conciliation Act, 1996. The High Court set aside certain claims, emphasizing the need to adhere to specific contractual prohibitions. The Supreme Court pa...
Arbitration – Non-Signatory Bound by Arbitration Clause – Appellant, a purchaser of property from vendors bound by an arbitration agreement, contended that it was not bound by the arbitration clause as it was not a signatory. The court held that a non-signatory, claiming through or under a party to the arbitration agreement, is bound by the arbitration clause. The court applied the pri...
Arbitration – Extension of Arbitrator’s Mandate – Application Filed Post-Termination – Consideration of Section 29-A of the Arbitration and Conciliation Act, 1996 – Court holds that it retains the power to extend the mandate even if the application is filed after the statutory timeline for expiry of the mandate – Rohan Builders (India) Pvt. Ltd. Vs. Berger Paint...
Arbitration – Challenge to Award – Interest on Claims – VAT Claims – Challenge under Section 34 of the Arbitration and Conciliation Act against an award allowing claims for unsupplied items and VAT components – Held that the arbitrator acted beyond jurisdiction by granting claims contrary to contractual terms – Clause 15.4 of the tender document precluded any in...
Arbitration – Appointment of Arbitrator – Employment Contracts – Petitions filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 seeking the constitution of an Arbitral Tribunal to resolve disputes arising from the lock-in periods specified in the employment contracts – Court upheld the validity of lock-in periods, finding them not violative of fundamental...
Arbitration Law - Limitation for Setting Aside Award - Appellant State challenged arbitral award dated June 30, 2022 - Petition under Section 34 filed on October 31, 2022 after Pooja vacation - High Court dismissed the petition for being time-barred - Supreme Court affirmed High Court's decision - Held, limitation period expired on September 30, 2022 - No benefit under Section 4 of Limitation ...
Arbitration Law – Remand by Appellate Court – The Division Bench's power to remand under Section 37(1)(c) of the Arbitration Act – Held that the Division Bench was correct in remanding the matter for reconsideration as the Single Judge did not address several issues and provided inadequate reasoning – Appellate court can remand for fresh consideration when the lower cou...