Page 71 - Arbitration Act News Today

The Bar & Bench Weekly IBC Diary aims to report crucial rulings of various courts and tribunals concerning the Insolvency & Bankruptcy Code.

The Supreme Court is mulling on considering young lawyers instead of retired high court or Supreme Court judges as arbitrators to cut cost.

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When parties subject themselves to rules which recognise an emergency arbitrator, then the order of such an arbitrator will be valid in Indian courts, the Supreme Court has held in the Future Retail Ltd. versus Amazon.com NV Holdings LLC case on Friday.

The Supreme Court, in a big relief to e-commerce giant Amazon, on Friday upheld the order of the Singapore emergency arbitrator restraining the Kishore Biyani-led Future group from going ahead with...

Win for Amazon: SC upholds Singapore panel’s ruling against Reliance-Future Retail deal

In the case of STA -v- OFY, the court considered the relevant factors applicable to granting an extension of time to challenge an arbitration award.

July 24, 2021 ISLAMABAD: The US State Department has portrayed the judiciary of Pakistan in an extremely negative manner and stated that theoretically the country’s judicial system operates independently of the executive branch but the reality is quite different. In its latest report, ‘2021 Investment Climate Statements: Pakistan’, the State Department says, “Pakistan’s judiciary is influenced by the government and other stakeholders. The lower judiciary is influenced by the executiv...

NEW DELHI: The Supreme Court has said that a judge, while interpreting a law, should try to understand the intent of legislative bodies and quashed the Madras HC verdict which had held that the court’s powers to “set aside” an arbitral award under the arbitration law would also include the power to modify. “Quite obviously if one were to include the power to modify an award in section 34 (Arbitration Act), one would be crossing the Lakshman Rekha... In interpreting a statutory provisio...

NEW DELHI: The Supreme Court has said that a judge, while interpreting a law, should try to understand the intent of legislative bodies and quashed the Madras HC verdict which had held that the court’s powers to “set aside” an arbitral award under the arbitration law would also include the power to modify. “Quite obviously if one were to include the power to modify an award in section 34 (Arbitration Act), one would be crossing the Lakshman Rekha... In interpreting a statutory provisio...