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Arbitration is the most common and most preferred means of resolving international commercial disputes. The benefits of arbitration include relative speed, privacy, and party autonomy in selection of their umpire.
Delhi Metro Rail Corporation (DMRC) on Monday informed the Delhi High Court that it has agreed to deposit Rs 1,000 crore in an escrow account within 48 hours and sought more time to compute payable amount passed in the order of arbitral dispute with Reliance Infrastructure's Delhi Airport Metro Express Pvt Ltd (DAMEPL).
The Delhi High Court will hear Reliance Infrastructure's execution petition on Monday.
Delhi High Court asked realtor Supertech to pay Rs 40 lakh by the end of October to a home buyer, who has filed a complaint about the delay in giving possession of a villa in Yamuna Expressway Industrial Development Area
The court had on September 24 stayed an order of NCDRC sentencing Supertech's MD Mohit Arora to 3-year imprisonment and issuing an arrest warrant against him for non-compliance