All. HC: Retroactive Application of Rulings to Arbitral Awards Would Create Legal & Procedural Chaos - 21.10.2024

All. HC has observed that if parties were allowed to reopen concluded arbitrations based on new judicial rulings, it would lead to a flood of claims seeking to modify arbitral awards. Moreover, retroactive application of judicial decisions to arbitral awards would create legal and procedural chaos.

Tags : Allahabad HC Arbitral Awards Retroactive Application

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