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Arbitration in the recent times has emerged as a promising solution for litigants struggling to get prompt assistance from the overwhelmed Indian Courts. The two types of Arbitration namely Ad Hoc...
This article attempts to summarise a recent judgment of the Apex Court vide which a Curative Petition filed by DMRC against DAMEPL was allowed and its earlier judgment passed in case of DAMEPL v. DMRC Ltd was overturned.
Parties should not be permitted to seek extension of time under Section 29-A (4) of the Act merely by ‘consent’ and the extension of time ought to be granted only for ‘sufficient cause.’
The article elaborates on the Delhi High Court's discussion regarding what constitutes a violation of the public policy and natural justice for the purpose of setting aside an International Arbitration Award.
The article analyzes the current legal framework surrounding the power to modify arbitral awards under Section 34 of the Arbitration Act.