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Enforcement Of Foreign Award Must Be Refused Only Rarely, International Standards To Be Applied To Determine Bias : Supreme Court

In a crucial judgment, while allowing the enforcement of a foreign arbitral award, the Supreme Court (on March 04), held that to determine the factor of arbitral bias, Court must endeavour to...

Germany , Netherlands , Singapore , New-york , United-states , India , Hrishikesh-roy , Prashant-kumar-mishra , Supreme-court , York-convention , High-court , Shri-lal-mahal-ltd

306 Big Wilful Defaulters, with an Outstanding of Rs100 Crore and above Owe Nearly Rs1.40 Lakh Crore to Banks

As many as 369 big defaulters, with an outstanding of Rs100 crore and more, owe more than Rs1.39 lakh crore to scheduled commercial banks and all India financial institutes (AIFI). Gitanjali Gems Ltd, owned by fugitive businessman Mehul Choksi, remains the top wilful defaulter with an outstanding of Rs8,065 crore as of 31 March 2023, reveals a reply received under the Right to Information (RTI) Act.

Canara , Karnataka , India , United-kingdom , Kanpur , Uttar-pradesh , Mehul-choksi , Sanjay-jhunjhunwala , Jatin-mehta , Sajag-nagrik-manch , Lok-sabha , Bhagwat-karad

Pardon granted as accused turns approver while co-accused MLA cries foul; HC says it is permissible

The High Court of Karnataka has upheld the pardon granted to one of the accused in a Central Bureau of Investigation (CBI) case stating that the pardon is...

Bengaluru , Karnataka , India , New-delhi , Delhi , Karwar , Madhya-pradesh , Sushil-kumar-valecha , Justicem-nagaprasanna , Central-bureau-of-investigation , Shri-lal-mahal , High-court

ED attaches over Rs 7-crore assets in duty-free gold diversion case

ED attaches over Rs 7-crore assets in duty-free gold diversion case
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Shri-lal-mahal , Anita-garg , Prem-chand-garg , Shri-lal-mahal-ltd , Bindra-sales-pvt-ltd , Enforcement-directorate , Money-laundering-act , Lal-mahal , Revenue-intelligence , Customs-act , திரு-லால்-மஹால் , அனிதா-கார்க்

ED Attaches Movable Assets Worth Rs7.47 Crore from Shri Lal Mahal

ED Attaches Movable Assets Worth Rs7.47 Crore from Shri Lal Mahal
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

Shri-lal-mahal , Anita-garg , Devashish-garg , Prem-chand-garg , Bindra-sales-pvt-ltd , Enforcement-directorate , Noida-based-shri-lal-mahal-ltd , Money-laundering-act , Shri-lal-mahal-limited , Revenue-intelligence , திரு-லால்-மஹால்

Changing Contours Of Public Policy In India: Unblinkering The Unruly Horse - Litigation, Mediation & Arbitration

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The words of J. Burrough aptly justify the unpredictability of
the interpretation of the term 'public policy' when he
says, "
Public Policy is an unruly horse where once you
stride on it you do not know where it's going to take
you."
For decades India has been perceived as a jurisdiction which is
not arbitration friendly and where enforcement of foreign arbitral
awards is problematic. As per section 34(2)(b)(ii) of the
Arbitration Act, 1996 an arbitral award can be set aside by the
court if it is against the "public policy of India".

Delhi , India , Mcdermott-international-inc , Steel-authority-of-india , Indian-law-the-court , Pipes-ltd , Vedanta-limited-the-court , Venture-global-engineering , National-agricultural-cooperative-marketing , Authority-of-india , Delhi-development