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A sudden series of new developments in the Amazon & Future Group - Reliance acquisition dispute has paved the way for another set of controversial rulings by the High Court of Delhi. The present article will analyze the judgment passed by ...
Resolution hard to come by for AMR project’s homebuyers SECTIONS Share Synopsis The process drew resolution plans from two builders and one of the plans was approved by the committee of creditors in May 2019. Since then, at least twice the orders were reserved on approving the plan, but could not be pronounced as the relevant judges left office at the company law tribunals. The National Company Law Tribunal Appellate admitted the insolvency petition in May 2018 when aggrieved buyers alleged fraud and demanded possession. Justice delayed is justice denied. This appears to have come true for ...
Share This - x The Delhi High Court recently made significant observations with regard to the power of an Arbitral Tribunal to rule on its own jurisdiction and the manner of deciding the same. A Single Bench of Justice Prathiba M. Singh also addressed the issue of jurisdiction of High Courts over arbitral tribunals and the scope of such interference. Law governing applications under Section 16 of the Arbitration & Conciliation Act, 1996 and manner of consideration by arbitral tribunals. With respect to the first aspect, the High Court has held that following the principle of kompete...