Search Results for Tag : Rbi

Judgments

Mandate of an Arbitrator "shall terminate" by or pursuant to agreement of parties(25.01.2017)

This is a joint application by both Petitioner and Respondents under Section 14(2) read with Section 15 of Arbitration & Conciliation Act, 1996. Both .....

Tags : Arbitrator, Mandate, Termination

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Court will exercise its power under Section 11(6)(a) of Arbitration Act, only where a party fails to act in accordance with appointment procedure agreed between parties(29.08.2019)

The present petition under Section 11 of the Arbitration and Conciliation Act, 1996 challenges appointment of Mr. R.S. Baswana, District and Sessions .....

Tags : Appointment, Arbitrator, Legality

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Notifications & Circulars

Comments invited on the working paper of the high level committee to review the Institutionalisation of Arbitration Mechanism in India by 7 April 2017(16.03.2017)

The Government of India has emphasised the need for promoting arbitration as a preferred dispute resolution mechanism for commercial disputes. Pursuan.....

Tags : Arbitration, Mechanism, Institutionalisation, Review

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NITI Aayog Organises Workshop on Best Practices in International Arbitration(10.10.2018)

The NITI Aayog and ICC International Court of Arbitration organised the inaugural Training-cum-Brainstorming Workshop on Best Practices in Internation.....

Tags : Workshop, Best Practices, International Arbitration

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Top Story

Regulatory disclosure and public interest(16.12.2015)

The Supreme Court dismissed appeals arising out of Central Information Commission’s orders requiring the Reserve Bank of India to disclose information.....

Tags : Rbi, fiduciary relationship, disclosure, rti

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Blast from the Past

Party partaking in arbitration waives right to object validity(21.02.2002)

By participating in arbitration proceedings without protest, or objection before a court at the initial stage, a party is deemed to have waived its ri.....

Tags : arbitration, jurisdiction, acquiescence, participation, without protest

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When arbitration clause is not applicable to particular work in question, arbitrator cannot be appointed(11.01.2019)

By way of present application filed under Section 11 of the Arbitration and Conciliation Act, 1996, the Petitioner, said to have entered into a contra.....

Tags : Arbitrator, Appointment, Clause

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A party to an arbitration proceeding can challenge the arbitral award as soon as he receives it(25.11.2019)

The challenge in present petition under Section 34 of the Arbitration and Conciliation Act, 1996, is to an award/interim award dated May 18, 2019 pass.....

Tags : Arbitral award, Maintainability, Time period

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Cabinet approves Ordinance to set up a New Delhi International Arbitration Centre(28.02.2019)

In order to make India a hub of institutionalised arbitration, Union Government has approved promulgation of an Ordinance for establishing New Delhi I.....

Tags : Arbitration Centre, Ordinance, Approval

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An Arbitrator shall be ineligible, if his close family member has significant financial interest in one of the parties or an affiliate of one of the parties(25.09.2020)

The Petitioner is seeking termination of the mandate of the Presiding Arbitrator under Sections 14 and 15 of the Arbitration and Conciliation Act, 199.....

Tags : Presiding Arbitrator, Mandate, Termination

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New Delhi International Arbitration Centre Bill, 2019 gets Cabinet’s nod(12.06.2019)

The Union Cabinet chaired by Prime Minister approves New Delhi International Arbitration Centre Bill, 2019 (NDIAC) to achieve aim of making India a hu.....

Tags : Arbitration Centre, Bill, Approval

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Ground of patent illegality is available under the statute for setting aside a domestic award, if decision of arbitrator is perverse(22.05.2020)

In the facts of present case, learned sole arbitrator has passed the arbitral award dated 29th March, 2016 in respect of Package-I holding. Similar De.....

Tags : Award, Patent illegality, Arbitrator

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Pre-deposit clauses to invoke arbitration struck down by Supreme Court as it makes arbitral process ineffective and expensive(11.03.2019)

In present case, the Respondent issued notice inviting tender for extension and augmentation of water supply, sewerage scheme, pumping station and sew.....

Tags : Arbitral process, Pre-deposit, Clause

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Limitation period would commence only from date on which signed copy of award delivered to party making the application for setting it aside(27.03.2018)

Appellants have filed present appeals challenging the judgment of the High Court by which the High Court has held that challenge to the arbitral award.....

Tags : Arbitral award, Service, Legality

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Two Indian firms may conduct arbitration outside Country and under a foreign law, if there was an agreement to that effect(24.08.2016)

Disputes arose between Appellant and Respondent. Respondent by its letter purported to terminate AGREEMENT-I. Thereafter, Respondent made a request fo.....

Tags : Jurisdiction, Agreement, Arbitration, Assertion

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A party who alleged plea of fraud or coercion is under obligation to prima facie establish same(28.03.2019)

Present appeals have been filed by the Insurance Company assailing the order passed by the High Court appointing an Arbitrator in exercise of power un.....

Tags : Arbitrator, Appointment, Validity

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Global Conference on Strengthening Arbitration and Enforcement in India(21.10.2016)

The National Institution for Transforming India (NITI Aayog) organised a three day Global Conference for strengthening National Initiative towards Str.....

Tags : Conference, Arbitration, Strethening

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Constitution of high level committee to review Institutionalization of Arbitration Mechanism in India(29.12.2016)

Justice Dispensing System in India has come under great stress for various reasons including huge pendency of cases in various courts. The injustice i.....

Tags : Committee, Constitution, Arbitration

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Agreement to confer exclusive jurisdiction on one of Courts to exclusion of other, neither forbidden by law nor against public policy(04.10.2016)

Instant petition filed by Petitioner against Respondent, Mahindra Logistics Limited, seeking appointment of an Arbitrator to adjudicate disputes betwe.....

Tags : Arbitrator, Appointment, Agreement, Jurisdiction

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A former employee of a party to arbitration can be appointed as an arbitrator(03.01.2019)

Appellant-State issued a Letter of Acceptance to Respondent No. 1 for execution of a works contract for construction, operation and maintenance of Gur.....

Tags : Arbitrator, Appointment, Legality

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To constitute an arbitration agreement, there has to be statement of claim containing a specific allegation about existence of an arbitration agreement by one party and non denial thereof by other par(22.10.2019)

Present petition has been filed by the Petitioner under Section 11 of the Arbitration and Conciliation Act, 1996 for appointment of an Arbitrator. The.....

Tags : Dispute, Arbitrator, Appointment

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Parties may waive the applicability of Section 12(5) of A&C Act by way of an express agreement in writing after the disputes have arisen(28.01.2021)

The Petitioner has filed the present petition under Sections 14 and 15 of the Arbitration and Conciliation Act, 1996 ('A&C Act'), seeking that the man.....

Tags : Arbitrator, Appointment, Eligibility

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Section 12(5) r/w Seventh Schedule of Arbitration & Conciliation Act, 1996, which deals with ineligibility of a person to be appointed as Arbitrator, is mandatory and non-derogable provision(20.01.2021)

The Appellant No. 1 / HARSAC, Department of Science and Technology, Government of Haryana is the nodal agency for Geographic Information System (“GIS”.....

Tags : Arbitrator, Eligibility, Provision

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Limitation Period for filing application seeking appointment of arbitrator is governed by Article 137 of Limitation Act, 1963(10.03.2021)

The present appeal is against impugned orders allowing Application for appointment of Arbitrator. Appeals raise two important issues for consideration.....

Tags : Arbitrator, Appointment, Time-barred

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Emergency arbitrator’s award is enforceable under Section 17(2) of the Arbitration Act(06.08.2021)

In present case, proceedings were initiated by the Appellant, Amazon.com NV Investment Holdings LLC ["Amazon"] before the High Court under Section 17(.....

Tags : Emergency Arbitrator, Award, Enforcement

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Civil or Commercial dispute are to be adjudicated and resolved by Arbitral Tribunal unless the jurisdiction of the Arbitral Tribunal is excluded either expressly or by necessary implication(02.08.2021)

By present petition, the Petitioners are seeking issuance of directions to the Respondent No. 1 to proceed with resolution of disputes raised by Petit.....

Tags : Arbitral Tribunal, Adjudication, Powers

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Once there is an arbitration clause in the agreement, it is obligatory for the court to refer the parties to arbitration in terms of the said agreement(09.11.2021)

The present petition under Article 227 of the Constitution of India impugns the judgment passed by the Additional District Judge, whereby the applicat.....

Tags : Existence, Arbitration clause, Jurisdiction

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Any written communication is deemed to have been received, if it is delivered to the addressee personally or at his place of business, habitual residence address or mailing address(23.08.2021)

The Petitioner, a company incorporated under the Companies Act, 1956, has filed the present petition under Section 11(6) of the Arbitration and Concil.....

Tags : Dispute, Appointment, Arbitrator

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Arbitrator either has to be appointed with the consensus of the parties or by present Court(22.11.2021)

By way of present petition, Petitioner is seeking appointment of an independent Arbitrator under the provisions of Section 11 of the Arbitration and C.....

Tags : Arbitrator, Appointment

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Merely because an application is filed under Section 34(4) of the Arbitration Act by a party, it is not always obligatory on the part of the Court to remit the matter to Arbitral Tribunal(03.01.2022)

Present appeal is filed, aggrieved by the order passed by the High Court of in Commercial Arbitration Petition. The High Court was of the view that th.....

Tags : Section 34(4) of the Arbitration Act, Arbitral Tribunal

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Arbitral award shall not to be challenged on the ground that the arbitrator had drawn his own conclusion or had failed to appreciate facts(18.01.2022)

The Appellant-claimant has preferred present appeal against the judgment passed by the Division Bench of the High Court partly allowing the appeal pre.....

Tags : Arbitral award, Appreciation of Facts

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Arbitral tribunal has power to award future interests on the awarded amounts, which as expressly provided under Section 31(7)(a), may include interests on the amounts awarded(19.04.2022)

The Petitioner has issued a Notice Inviting Tender for three construction projects. The Respondent being the successful bidder entered into an agreeme.....

Tags : Interest on award, Arbitral Tribunal

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Issue of arbitrability of the dispute over non-renewal of the lease is within the realm of the Arbitral Tribunal/Arbitrator(18.08.2022)

Present appeals are against a common judgment passed by the High Court allowing Arbitration Appeal filed by the Respondents, setting aside the impugne.....

Tags : Dispute, Arbitrator, Appointment

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Court can interfere at the referral stage only when it is manifest that the claims are ex facie time-barred and dead, or there is no subsisting dispute(23.11.2022)

In present matter, disputes arose between the Appellant and the Respondents and the Appellant filed an application before the Commercial Court under S.....

Tags : Reference, dispute, Arbitration

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An award rendered by a person who is ineligible to act as an arbitrator cannot be considered as an arbitral award(05.12.2022)

The Appellants have filed the present appeal under Section 37 of the Arbitration and Conciliation Act, 1996 ('the A and C Act') impugning an order ren.....

Tags : Arbitrator, Appointment, Disclosure

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It is impermissible for a court to re-evaluate the material on record and supplant its view over that of the arbitral tribunal(05.12.2022)

The Appellant has filed the present appeal under Section 37(1)(c) of the Arbitration and Conciliation Act, 1996 impugning a judgment passed by the lea.....

Tags : Claim, Limitation, Arbitral award

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As the existence of the Arbitration Agreement and due invocation thereof are not denied, it is not for present Court to enter into the merits of the claims raised by the parties(06.02.2023)

Present petition has been filed under Section 11 of the Arbitration and Conciliation Act, 1996 seeking appointment of an Arbitrator for adjudicating t.....

Tags : Dispute, Appointment, Arbitrator

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Appellate Court should generally not interfere unless it is apparent that the perversity of the arbitral award goes to the root of the case(20.03.2023)

Present appeal has been filed challenging the order passed by the learned Single Judge, whereby the objections of the Appellant under Section 34 of th.....

Tags : Arbitral award, Proceedings, Objections

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Procedure prescribed in the Agreement before invocation of the Arbitration Agreement necessarily needs to be followed(18.01.2023)

Present petition has been filed under Section 11 of the Arbitration and Conciliation Act, 1996 seeking appointment of an Arbitrator for adjudicating t.....

Tags : Dispute, Appointment, Arbitrator

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Mere negotiations will not postpone the "cause of action" for the purpose of limitation(18.05.2023)

Present is a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, filed at the instance of a company based in Switzerland and e.....

Tags : Appointment, Arbitrator, Time -period

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Decision taken by the Government in relation to the economic policies is not ordinarily interfered by the Courts unless arbitrary(29.05.2023)

The instant writ petition under Article 226 of the Constitution of India has been filed by the Petitioner as a Public Interest Litigation (PIL) seekin.....

Tags : RBI Notification, Banknotes, Exchange

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Power of Arbitral Tribunal to pass appropriate orders of interim measures is not eclipsed simply on account of any application being filed under Section 13 of Arbitration Act(14.08.2023)

Present application has been filed seeking setting aside of the order and restoration of appeal.It is submitted that during the pendency of the applic.....

Tags : Arbitral Tribunal, Powers, Interim Measures

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When the arbitration agreement itself is void, Court would decline to refer the parties to arbitration despite the existence of an arbitration clause(11.09.2023)

The present petition under Section 11 of the Arbitration and Conciliation Act, 1996 seeks appointment of an arbitrator for adjudication of disputes wh.....

Tags : Dispute, Appointment, Arbitrator

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News

PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

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Principle, ex proprio vigore, would be applicable to arbitrator and multi-member arbitral tribunal as well, particularly when it is faced with a judicial decision ordering a limited remand(19.10.2023)

Present appeal, at the instance of Appellant, registers a challenge to the judgment passed by the High Court dismissing an appeal carried by the Appel.....

Tags : Arbitral award, Quashing of, Validity

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Determination of the seat vests exclusive jurisdiction upon the courts located at the designated seat to supervise the arbitration proceedings(08.01.2024)

The Petitioner has invoked the jurisdiction of this Court under Section 11 of the Arbitration and Conciliation Act, 1996 ["Arbitration Act"] for appoi.....

Tags : Appointment, Arbitrator, Jurisdiction

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Arbitration Clause from another contract can be incorporated into the contract only by a specific reference(19.03.2024)

The present appeals challenge the interim order and final judgment passed by the High Court, whereby the High Court allowed the application under Sect.....

Tags : Appointment, Arbitrator, Legality

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Abandonment of claim cannot be readily inferred, there must be convincing circumstances on record which lead to an inevitable inference about the abandonment(16.05.2024)

In present appeal, the issue involved is about the legality and validity of the order of termination of the arbitral proceedings under Clause (c) of S.....

Tags : Arbitral proceedings, Termination, Legality

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Once the seat of arbitration is fixed, the same would be in the nature of an exclusive jurisdiction clause binding the parties to a specific court(26.09.2023)

By way of present petition filed under Section 11(6) and (8) of the Arbitration and Conciliation Act, 1996 (Arbitration Act), the Petitioner seeks app.....

Tags : Appointment, Arbitration, Jurisdiction

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Allahabad HC Refers Yamuna Expressway Land Acquisition Dispute to Arbitration(04.11.2016)

Allahabad High Court has referred to arbitration a dispute between Yamuna Expressway Authority and JP Infratech Ltd in connection with enhanced compen.....

Tags : Allahabad High Court, arbitration, Yamuna Expressway, JP Infratech

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Appointment of arbitrator can be challenged only in circumstances that give rise to justifiable doubt as to his independence or impartiality(04.06.2024)

Present Petition is filed under Section 11(5) of the Arbitration and Conciliation Act, 1996, ('the Act, 1996') seeking appointment of a sole Arbitrato.....

Tags : Appointment, Arbitrator, Independence

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Reserve Bank of India issues Revised Master Directions on Fraud Risk Management in the Regulated Entities(15.07.2024)

The Reserve Bank of India (RBI) has issued three revised Master Directions on Fraud Risk Management applicable to various Regulated Entities (REs). Th.....

Tags : RBI, RE, Early Warning Signals, Red Flagging of Accounts

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Operation of a statute could not be curbed by private action of parties(06.08.2024)

The Petitioner is a company, which claims to be a 'small' enterprise under Section 2(m) of the Micro, Small and Medium Enterprises Development Act, 20.....

Tags : Arbitrator, Appointment, Notification

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Delhi HC: Sale of Refurbished Hard Disks at Nehru Place Amounts to Trademark Infringement(22.09.2022)

Delhi High Court has held that passing off old and used hard-disk drives, after tampering with their labels and printed circuit board, as new product .....

Tags : Delhi High Court, Trademark, Refurbished

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All. HC: MSMED Act Overrides Arbitration and Conciliation Act 1996(13.12.2023)

Allahabad High Court while observing that private agreement can’t obliterate statutory provisions, has held that once statutory mechanism under Sectio.....

Tags : Allahabad High Court, MSMED Act, Arbitration

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Willful Defaulter under RBI Act can’t be represented through Advocate/CA: Madhya Pradesh HC(02.04.2019)

Madhya Pradesh High Court has held that a ‘willful defaulter’ under Reserve Bank of India (RBI) Act cannot be represented through the lawyers or Chart.....

Tags : Madhya Pradesh High Court, Willful Defaulter, RBI Act

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Maharashtra RERA Directs Developer To Hand Over Two Properties With Interest For Delayed Possession(17.10.2022)

Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Orbit Enterprises to hand over possession of two units at BKC, Mumbai, to actor S.....

Tags : Maharashtra Real Estate Regulatory Authority, Saif Ali Khan, Orbit Enterprises

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Monetary Policy: RBI Keeps Key Policy Rates Unchanged(07.06.2016)

RBI has kept key interest rate (repo rate) unchanged at five-year low of 6.50% in its bi-monthly policy review. Consequently, the reverse repo rate wi.....

Tags : RBI Monetary Policy

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RBI Working Paper Series No. 3: Inter-sectoral Linkages in the Indian Economy(14.08.2015)

The RBI introduced a Working Paper titled, 'Inter-sectoral Linkages in the Indian Economy'. The paper attempts to establish inter- and intra-links bet.....

Tags : rbi, inter-sector, link, macro economics

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RBI Imposes Rs 1.75-Crore Penalty on Indian Bank for Non-Compliance(21.11.2019)

Reserve Bank of India has imposed a monetary penalty of a total of Rs 1.75 crore on Indian Bank for non-compliance with its various directions. The no.....

Tags : RBI, Indian Bank

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Enhancing Credit Supply for Large Borrowers through Market Mechanism(12.05.2016)

The Reserve Bank of India released a paper on Framework for enhancing .....

Tags : rbi, large borrower, risk, asset

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Reporting of Bank Guarantee on behalf of service importers discontinued(07.07.2016)

The Reserve Bank of India announced the discontinuation of submission of reports on guarantees issued by banks in favour of non-residents service prov.....

Tags : rbi, bank guarantee, service importer, reporting requirement

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Del HC: Party’s Agreement to Constitute Arb. Tribunal Precludes Them From Opposing Arbitrator’s App.(20.02.2024)

Delhi High Court has held that if once a party has agreed on constituting an arbitral tribunal then it is prohibited from subsequently opposing the ap.....

Tags : Delhi High Court, Arbitrator’s Appointment, Arbitral Tribunal

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Court refutes arguments transposing arbitration clause from pricing clause(01.07.2016)

An arbitration clause can be incorporated in a contract where reference to the same is made as part of the contract, the Madras High Court reiterated......

Tags : arbitration, clause, incorporation, contract

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RBI Withdraws Few Exemptions Granted to HFIs(12.11.2019)

Reserve Bank of India has withdrawn some exemptions granted to mortgage finance companies in terms of complying with regulations such as provisions an.....

Tags : RBI, HFIs

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Arbitral process could be interfered under Article 226/227 of the Constitution by the High Court only in exceptional circumstances(06.01.2021)

In facts of present case, on 13th February, 1991, Respondent No. 1 entered into a contract with the Appellant to manufacture and supply bricks. The af.....

Tags : Arbitral process, Discretionary power, Jurisdiction

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Bombay HC Makes E-Filing Mandatory for Criminal, Arbitration and Civil Contempt Cases(02.01.2023)

Bombay High Court has made e-filing of new criminal cases, arbitration petitions and civil contempt petitions mandatory from January 9, 2023. E-filing.....

Tags : Bombay High Court, E-Filing, Criminal, Arbitration, Civil Contempt

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Telangana HC: Principles of Natural Justice to be Read Into Master Circular Issued by RBI(31.12.2020)

Telangana High Court has held that the principles of natural justice have to be read into the Master Circular issued by the Reserve Bank of India on t.....

Tags : Telangana High Court, RBI Master Circular, Principles of Natural Justice

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RBI Sets Rupee Reference Rate against US Dollar and Euro(08.07.2016)

Reserve Bank of India (RBI) has fixed reference rate of the rupee at 67.4972 against the US dollar and 74.8274 for the euro.

Tags : Reserve Bank of India, RBI, reference rate

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De-notification of Arbitration clause in all tariff products under Fire, Motor and Engineering, Workmen's Compensation and other classes of insurance business(23.01.2024)

In exercise of the powers conferred by sub section (1) of section 64 ULA of the Insurance Act, 1938, the Authority hereby de-notifies the Arbitration .....

Tags : Arbitration clause, Insurance business, Denotification

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SC: Power of High Courts to Interfere with Arbitration Should be Used Rarely(07.01.2021)

Supreme Court has observed that the power of the High Courts under Article 226/227 of the Constitution of India, 1949 to interfere with an arbitration.....

Tags : Supreme Court, Interference in Arbitration Process

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RBI Master Direction Risk Management and Inter-Bank Dealings(05.07.2016)

The Reserve Bank of India introduced Master Directions effecting change in the way banks manage risk for national and international borrowers.

.....

Tags : rbi, loan facilities, foreign exchange, risk management

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Mere Delay in Passing Award by Itself can't be Ground to Appoint Another Arbitrator: SC(24.01.2019)

Supreme Court has observed that mere neglect of an arbitrator to act or delay in passing the award by itself cannot be the ground to appoint another a.....

Tags : Supreme Court, Ground to Appoint Another Arbitrator

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Delhi HC: Order Rejecting Appln. for Impleading 3rd Party is Not Interim Arbitration Award(26.12.2022)

Delhi High Court has held that an order of tribunal rejecting the application for impleading a party to arbitration is not an interim award but merely.....

Tags : Delhi High Court, Interim Arbitration Award, Impleading

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SC: 'Group of Companies' Doctrine must be Retained in the Indian Arbitration Jurisprudence(06.12.2023)

Supreme Court has held that the 'group of companies' doctrine must be retained in the Indian arbitration jurisprudence considering its utility in dete.....

Tags : Supreme Court, 'Group of Companies', Arbitration

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Allahabad HC Issues Direction to Ensure Compliance of Safeguards from Arbitrary Arrest(01.02.2021)

Allahabad High Court has directed the Police authorities to desist from making automatic/ routine arrests, especially in dowry cases, and strictly com.....

Tags : Allahabad High Court, Arbitrary Arrest in Dowry Cases

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Minimum Income Scheme Can be Realised by Cutting Other Doles, Says Former RBI Governor(29.03.2019)

In a big bang election promise, the Congress earlier this week announced that 20% families belonging to the poorest category will be given Rs 72,000 e.....

Tags : RBI

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Delhi HC: Whether A Claim Is 'Notified Claim' Under Contract; Falls Outside the Scope Of Arbitration(14.10.2022)

Delhi High Court has observed that the dispute whether a claim raised by a party is a 'Notified Claim' under the Contract, which can be referred to ar.....

Tags : Delhi High Court, Notified Claim, arbitration

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Infrastructure Projects: RBI Relaxes Refinancing Norms for NBFCs(03.06.2016)

RBI in order to encourage infrastructure financing has eased norms for NBFCs to refinance such projects and provide longer repayment tenures.

Tags : RBI, Infrastructure, NBFCs

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Others

Withdrawl of Soiled/Mutilated Notes from Circulation(07.08.2015)

The Reserve Bank of India informed that the object of 'Clean Note Policy' is withdrawal of soiled and mutilated notes from circulation and putting ade.....

Tags : rbi, clean note, currency

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Singapore International Arbitration Centre Extends Interim Ruling for Amazon-Future Dispute(29.01.2021)

Singapore International Arbitration Centre (SIAC) has extended the interim ruling, which was in Amazon’s favor and valid for 90 days in Amazon-Future .....

Tags : Singapore International Arbitration Centre, Amazon-Future Dispute

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Morbi Court Sends 4 Accused to Police Custody Till Nov 5 in Morbi Bridge Collapse Case(03.11.2022)

Morbi Court while sending four accused to 5-day police custody in connection with the October 30 Morbi Bridge Collapse incident has observed that alle.....

Tags : Morbi Court, Bridge Collapse, Police Custody

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Bombay HC: Arbitral Tribunal Can’t Appoint HC Receiver as ‘Receiver Under Arbitration Act’(23.03.2017)

Bombay High Court has held that an arbitral tribunal does not have power to appoint Court receiver of High Court as a receiver under Section 17 of Arb.....

Tags : Bombay HC, Arbitral Tribunal

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SC: Arbitration - 2015 Amendment Won't Apply to Section 34 Applications Filed Prior to It(12.11.2021)

Supreme Court has held that the 2015 amendment to Section 34 of the Arbitration and Conciliation Act 1996 will apply only to Section 34 applications t.....

Tags : Supreme Court, Arbitration - 2015 Amendment

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Madras HC: Non - Signatory Can Be Referred To Arbitration Under ‘Doctrine Of Alter Ego’(27.01.2023)

Madras High Court has held that non-signatories to arbitration agreement can be referred to arbitration by invoking the ‘doctrine of alter ego’ only i.....

Tags : Madras High Court, arbitration, alter ego

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Delhi HC: Challenge Relating to Bias of an Arbitrator Can’t be Raised U/S 14 of A&C Act(12.12.2022)

Delhi High Court has held that a challenge to the mandate of arbitrator on the ground of bias and a justifiable doubt with respect to the independence.....

Tags : Delhi High Court, Arbitrator, Bias

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Delhi HC: Use of Word 'Mediation' in Arbitration Clause Does Not Change Character of Clause(07.11.2022)

Delhi High Court has held that arbitration clause would not lose its character merely because the word 'mediation' has been used as its nomenclature a.....

Tags : Delhi High Court, Arbitration, Mediation

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Delhi HC: Order Terminating Arbitration Proceedings Not an Award(15.01.2021)

Delhi High Court has ruled that an order terminating arbitration proceedings under Section 32(2)(c) of the Arbitration & Conciliation Act, 1996 is not.....

Tags : Delhi High Court, Order Terminating Arbitration Proceedings

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RBI Gives Major Relief to MSME Sector(07.06.2018)

In a major relief to MSMEs, the Reserve Bank has eased NPA classification norms for such units facing input credit linkages and associated issues unde.....

Tags : RBI, MSME

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Bombay HC Seeks RBI Opinion over Plea to Change Notes and Coins for Blind(04.10.2016)

Bombay HC has asked Reserve Bank of India (RBI) to file reply within four weeks in response to Public Interest Litigation (PIL) highlighting difficult.....

Tags : Bombay HC, RBI, Blind

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Report on the working of the Reserve Bank of India for the year ended June 30, 2015(01.01.1900)

The Reserve Bank of India released its Annual Report 2014-15. The Report provides an overview on various aspects of the Indian economy. It also descri.....

Tags : rbi, annual report, 2014, 2015

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Delhi HC: Arbitrator Can’t Set Aside Sale Notice Issued by Secured Creditor Under SARFAESI Act(23.02.2023)

Delhi High Court has held that matter of a sale notice issued by secured creditor under Section 13(4) of SARFAESI Act is not arbitrable at all, and th.....

Tags : Delhi High Court, SARFAESI, Sale Notice, Arbitrator

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Ker. HC: S.5 of Limitation Act Not Applicable to Condone Delay in Filing Plea u/s 34 of A&C Act(22.12.2023)

Kerala High Court has held that Section 5 of the Limitation Act has no application to condone delay in filing a petition for setting aside an arbitral.....

Tags : Kerala High Court, Limitation Act, Condone, Delay, Arbitration

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Delhi HC: Exorbitant Price of Drug Not to Deprive Children Suffering from Rare Disease(18.01.2021)

Delhi High Court has held that merely because of the exorbitant price of a drug or treatment, children suffering from a rare disease cannot be deprive.....

Tags : Delhi High Court, Exorbitant Price of Drug

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Delhi HC Agrees to Maintain Confidentiality of Ex- Ranbaxy Promoters in Daiichi Case(04.10.2016)

Delhi HC has allowed application seeking confidentiality of asset declaration made by Malvinder Singh & Shivinder Singh, Ex-Ranbaxy promoters and othe.....

Tags : Delhi HC , Rs. 2562 crore Singapore arbitration award, Ex- Ranbaxy Promoters

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PAN Mandatory for Sending Money Abroad: Government(08.06.2018)

Central Government has decided to make Permanent Account Number (PAN) mandatory for remitting money abroad as the Reserve Bank of India has decided to.....

Tags : RBI, PAN Card

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SC Issue Notices to RBI and HDFC Bank on Regulator’s Power to Enforce Merger Scheme(01.09.2015)

Supreme Court has issued notice to RBI, HDFC Bank and others on plea seeking clarity on RBI’s powers to enforce merger scheme of banks, which was app.....

Tags : Supreme Court , RBI

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Tel. HC: Arbitration Under Section 42 of SEZ Act Would Override Contractual Arbitration Clause(27.02.2023)

Telangana High Court has held that arbitration under Section 42 of the Special Economic Zones (SEZ) Act, 2005 would override a contractual arbitration.....

Tags : Telangana High Court, Special Economic Zones, Arbitration

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SC Allows NGO to Make RBI Party in WhatsApp Payment Service Matter(15.01.2019)

A bench of Justices R F Nariman and Vineet Saran asked advocate Virag Gupta, appearing for the NGO, to file an application seeking to make RBI as a pa.....

Tags : RBI

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RBI Issues Norms to Shore Up Governance Standards at Urban Cooperative Banks(02.01.2020)

Reserve Bank of India has released the final guidelines for setting up a board of management for such banks. According to the guidelines, UCBs, with d.....

Tags : RBI, Urban Cooperative Banks

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Delhi HC: Tribunals Should Decide Objections on Its Jurisdiction as Preliminary Issue(12.04.2021)

Delhi High Court has held that following the principle of kompetenze-kompetenze, an Arbitral Tribunal has the power to rule on its own jurisdiction. H.....

Tags : Delhi High Court, Arbitral Tribunal

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Delhi HC Discards RBI Appeal Against Order for Reconsideration of JSPL Plea(30.03.2021)

Delhi High Court has dismissed an appeal by the Reserve Bank of India (RBI) against an earlier order of a Single-Judge which had directed the RBI to r.....

Tags : Delhi HC, RBI

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SC: Limitation U/S 34 A&C Act in Case of Suo Moto Correction of Award is Date of Correction(11.01.2023)

Supreme Court has held that starting point for limitation under Section 34(3) Arbitration and Conciliation Act, in case of suo moto correction of awar.....

Tags : Supreme Court, Correction of Award, Arbitration, Limitation

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Karnataka HC Notice to Centre, RBI on Bank Branch Merger(06.05.2019)

Karnataka High Court has served a notice to the Reserve Bank of India, the Union Government and Canara Bank after hearing a PIL challenging the merger.....

Tags : Karnataka HC, RBI

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SC: Arbitration Clauses in Unstamped Agreements are Inadmissible but not Void(13.12.2023)

Supreme Court 7-judge bench while overruling the 5-judge bench judgment in N.N. Global Mercantile Pvt. Ltd. v. M/s. Indo Unique Flame Ltd. (MANU/SC/04.....

Tags : Supreme Court, Arbitration Clauses, Unstamped Agreements

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Court can Appoint Arbitrator Only After Resorting to Procedure in Arbitration Agreement: SC(01.04.2019)

Supreme Court has observed that High Court, while dealing with an application under Section 11(6) of Arbitration and Conciliation Act, seeking appoint.....

Tags : Supreme Court, Appointment of Arbitrators

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Delhi HC: Limitation Period for Arbitration Dispute Commences After Pre-Arbitration Mechanism fails(17.10.2022)

Delhi High Court has ruled that the period of limitation for referring the dispute to arbitration would only commence after the internal dispute resol.....

Tags : Delhi High Court, limitation, arbitration, dispute resolution

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RBI Mandates Cyber Security Policy to Keep Hackers at Bay(03.06.2016)

Reserve Bank of India (RBI) has directed all banks to immediately frame cyber security policies approved by their respective boards.

Tags : RBI, Cyber Security

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Opposing an interim injunction does not necessarily constitute submitting a first statement on the substance of the dispute(11.08.2015)

Waiver of a right by a party to enforce the arbitration agreement must be gathered from the facts and circumstances of the case. The Court noted that .....

Tags : arbitration, waive, right, first statement

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London Court of International Arbitration Issues Second Arbitral Award in Favour of SOCAR(29.01.2021)

London Court of International Arbitration has awarded US$ 63,000,000 in the second proceeding between SOCAR and Palmali under London Maritime Arbitrat.....

Tags : London Court of International Arbitration, SOCAR Group

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Del HC: Courts Shouldn’t Interfere in Issue of Increase in Salary of Office Bearers Unless Arbitrary(02.11.2022)

Delhi High Court has held that increase in salaries of office bearers of a Commission is a policy decision of the State, and the courts should refrain.....

Tags : Delhi High Court, Salary, Arbitrary

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Central Government Amends GFRs Permitting Payment of 75% Arbitral Amount to Contractors(10.11.2021)

Central Government has amended the General Financial Rules, 2017 (GFRs), followed by the government departments and agencies, to give effect to a Cabi.....

Tags : Central Government, Payment of Arbitral Award to Contractors

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Del. HC: Objections U/S 47 CPC Can’t Be Considered In Enforcement Petition U/S 36 A&C Act(27.01.2023)

Delhi High Court has ruled that objections available under Section 47 of Code of Civil Procedure, 1908 cannot be considered by a Court at the time of .....

Tags : Delhi High Court, arbitration

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Delhi HC: Disclosure by Arbitrator is Not a Discretionary But a Mandatory Requirement(09.12.2022)

Delhi High Court has held that disclosure by the arbitrator under Section 12 r/w 6th Schedule of the Arbitration & Conciliation Act is not a discretio.....

Tags : Delhi High Court, Arbitration & Conciliation, Disclosure

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DC Federal Judge Refuses To Confirm Arbitration Award To Hardy Oil & Gas(12.06.2018)

United State District Court for the District of Columbia has refused to confirm the arbitration award which would have resulted in Hardy Exploration &.....

Tags : Arbitration

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Del. HC: Denial of Arb. Agreement in S.21 Notice Doesn’t Entitle Court to Refuse Referral to Arb.(07.11.2023)

Delhi High Court has held that merely because a party denied the existence of an arbitration agreement in reply to Notice under Section 21 of A&C Act,.....

Tags : Delhi High Court, Arbitration, Section 21, Notice

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RBI Policy: RBI Cuts Repo Rate by 25 BPS(04.04.2019)

Reserve Bank of India's monetary policy committee (MPC), led by Governor Shaktikanta Das, has announced a 25 basis points cut in the short-term lendin.....

Tags : RBI Policy, Repo Rate

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Delhi HC: Arbitral Tribunal Cannot Recall the Order Terminating the Arbitral Proceedings(20.10.2022)

Delhi High Court has observed that once the arbitral tribunal terminates the arbitration proceedings on account of claimant withdrawing its claims, it.....

Tags : Delhi High Court, arbitral, termination

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Delhi High Court Says No to Defenses Under FEMA For Enforcement of Foreign Arbitral Awards(17.04.2017)

Delhi High Court has held that foreign arbitral award can be enforced in India pertaining to put options, exit at assured return, and guarantee arrang.....

Tags : Delhi High Court, Foreign Arbitral Awards

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Dispute cannot be decided by arbitrator, when Trust Act provides for sufficient remedies to aggrieved persons by giving them right to approach Civil Court(17.08.2016)

In facts of the present case, since parties could not settle disputes/differences and nor could they agree for appointment of arbitrator amicably, Res.....

Tags : Arbitration application, Maintainability, Remedies, Civil Court

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Delhi HC: Membership of Arbitral Institution Not a Pre-Requisite For Invoking Arbitration(26.03.2024)

Delhi High Court has held that the membership of an arbitral institution cannot be insisted upon as a pre-requisite for invoking arbitration.

Tags : Delhi High Court, arbitral institution

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Delhi HC Dismisses Execution Plea by Decree Holder for Arbitral Award(31.01.2022)

Delhi High Court has dismissed an execution petition filed under Section 36 of the Arbitration & Conciliation Act, 1996 by a Decree Holder for an arbi.....

Tags : Delhi High Court, Execution of Arbitral Award

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International Chamber of Commerce Launches Arbitration Rules 2021(16.12.2020)

International Chamber of Commerce (ICC) has come up with new set of Arbitration Rules 2021 ("ICC Rules 2021") which will come in effect from 01st Janu.....

Tags : International Chamber of Commerce, Arbitration Rules 2021

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Delhi HC Seeks Centre’s Response on Surcharge on Debit, Credit Card Payments(18.05.2016)

Delhi HC has sought response of Centre and RBI on a plea against "illegal" surcharge levied on transactions done through debit and credit cards across.....

Tags : Delhi HC , Centre, RBI

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SC: Jurisdiction of High Court Hearing An Arbitration Appeal Is Distinct from First Appellate Court(16.11.2021)

Supreme Court has observed that the jurisdiction in a first appeal arising out of a decree in a civil suit is distinct from the jurisdiction of the Hi.....

Tags : Supreme Court, Jurisdiction of High Court Hearing An Arbitration Appeal

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Modi Govt Declines RTI Query Asking for Details of Shaktikanta Das’ Appointment as RBI Governor(27.03.2019)

Shaktikanta Das was in December named as the Reserve Bank of India Governor by the Appointments Committee of the Cabinet headed by PM Narendra Modi. .....

Tags : RBI

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Delhi High Court: Contractual Clauses and Party’s Conduct Infer Seat of Arbitration(20.02.2024)

Delhi High Court has held that determination of seat of arbitration should be done on the basis of the clauses of agreement and the conduct of parties.....

Tags : Delhi High Court, Seat of Arbitration, Contractual Clauses

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An award can be set aside only if the award is against the public policy of India(11.01.2022)

The Appellant - Haryana Tourism Limited ('Corporation') invited tenders/quotations for the supply of Aerated Cold Drinks at its Tourist Complexes for .....

Tags : Award, Arbitrator, Jurisdiction

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With GDP Size Increasing, There May Be Need For More Currency in System: RBI Official(17.01.2019)

Following demonetisation in November 2016, when the government junked high value currency notes of denominations 500 and 1,000, there was a shrinkage .....

Tags : RBI

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RBI Extends Availability of Relaxed Terms for Securitisation Transactions by NBFCs to June 30, 2020(02.01.2020)

Reserve Bank of India has extended the availability of relaxed terms for securitisation transactions or sale of assets by non-bank lenders to banks to.....

Tags : RBI, Securitisation Transactions

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Cal. HC: Section 9 of A&C Act Applies to Foreign Seated Arbitration Also(05.12.2022)

Calcutta High Court has held that Section 9 of Arbitration and Conciliation Act is a provision that is in aid of arbitration proceedings in contrast t.....

Tags : Calcutta High Court, Arbitration, Foreign Seated

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Delhi HC: Participation in Arbitral Proceedings Does Not Waiver Right to Challenge Appointment(18.02.2022)

Delhi High Court has terminated the mandate of a sole arbitrator appointed unilaterally at the instance of one of the contracting parties. The Court h.....

Tags : Delhi High Court, Participation in Arbitral Proceedings

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SC: HC Should Not Entertain Dispute Which is Arbitrable Unless Issue of Public Interest(02.04.2021)

Supreme Court has observed that ordinarily a High Court in its jurisdiction under Article 226 of the Constitution of India, 1949 has to decline to ent.....

Tags : Supreme Court, Arbitrable Dispute

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SC: For an Arbitration Clause to be Legally Binding it has to be in Consonance with Constitution(07.11.2023)

Supreme Court has held that for arbitration clause to be legally binding it has to be in consonance with “operation of law” which includes the Grundno.....

Tags : Supreme Court, Constitution, Arbitration Clause

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RBI Releases First Bi-Monthly Monetary Policy Statement, 2019-20(04.04.2019)

Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has announced its resolution under first bi-monthly monetary policy statement for 2019-.....

Tags : Reserve Bank of India, RBI, First Bi-monthly Monetary Policy Statement, 2019-20

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Delhi HC: Initiation Of Proceedings Under SARFAESI Act Does Not Bar Arbitration Of Disputes(20.10.2022)

Delhi High Court has ruled that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, .....

Tags : Delhi High Court, arbitration, SARFAESI

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Supreme Court: Third Arbitrator in Any International Dispute Must Be From Neutral Nation(13.04.2017)

Supreme Court has said that third arbitrator in any international rift involving a foreign company should always be from a neutral country for a sense.....

Tags : Supreme Court, International Dispute, Arbitrator

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RBI Working Paper Series No. 4: Is Exchange Rate the Dominant Factor Influencing Corporate Profitability in India?(17.08.2015)

The Reserve Bank of India introduced a working paper titled 'Is Exchange Rate the dominant factor influencing Corporate Profitability in India?'. The .....

Tags : Rbi, working paper, exchange rate

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RBI Keeps Repo Rate Unchanged(07.02.2020)

Reserve Bank of India’s Monetary Policy Committee has kept the key policy rate unchanged while admitting that inflation was on a rising trajectory th.....

Tags : RBI, Repo Rate

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SC: Reference to Facilitation Council Maintainable In Spite of Independent Arbitration Agreement(01.11.2022)

Supreme Court has held that reference made to Facilitation Council is maintainable in spite of an independent arbitration agreement existing between t.....

Tags : Supreme Court, Facilitation Council, Arbitration Agreement, MSME

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Tax on arbitral tribunal services to be borne by recipient(18.05.2016)

Service tax liability for services provided by an arbitral tribunal shall be on the service recipient if it’s a business entity.

The Depar.....

Tags : Service tax, arbitral tribunal, recipient, reverse charge

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Court of Arbitration for Sport Cuts Down Four-Year Ban on Russia from World Athletic Events(18.12.2020)

Court of Arbitration for Sport has cut the four-year ban on Russia competing in international athletic competition because of its state-sponsored dopi.....

Tags : Court of Arbitration for Sports, Ban on Russia from World Athletic Events

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Del. HC: Objections U/S 47 CPC Can’t Be Considered In Enforcement Petition U/S 36 A&C Act(27.01.2023)

Delhi High Court has ruled that objections available under Section 47 of Code of Civil Procedure, 1908 cannot be considered by a Court at the time of .....

Tags : Delhi High Court, arbitration

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Central Fraud Repository comes into operation(21.01.2016)

The Reserve Bank of India notified operation of the Central Fraud Registry from 20 January, 2016. The Registry, first mentioned in the Bank’s

Tags : RBI, Central fraud registry, cell

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RBI Cuts Provisioning Norm for Advances to Large Accounts Now Before NCLT(05.04.2018)

Reserve Bank of India has reduced the provisioning requirement for large accounts referred to the National Company Law Tribunal (NCLT) up to March 31,.....

Tags : RBI, NCLT

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Delhi HC: Challenge Against Action Taken by Secured Creditor Won’t Bar Arbitration Proceedings(23.11.2022)

Delhi High Court has held that even if a party intended to take action under Section 17 of SARFAESI Act by filing a petition before Debt Recovery Trib.....

Tags : Delhi High Court, Secured Creditor, Arbitration

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Supreme Court Refuses to Apply 'Group Of Companies' to Implead Foreign Company in Arbitration(03.07.2019)

Supreme Court has declined to invoke the group of companies doctrine to implead a foreign company in an application for appointment of arbitrator for .....

Tags : Supreme Court, Arbitration

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Central Information Commission to RBI: Disclose Names of Big Defaulters(28.05.2019)

Central Information Commission has directed the Reserve Bank of India (RBI) to disclose the list of big loan defaulters it had sent to banks for resol.....

Tags : Central Information Commission, RBI

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Madras HC: Arbitration Court Not to Embark on Fact-Finding Exercise Within S.34 A&C Act(01.03.2021)

Madras High Court has stated that the exercise undertaken to rewrite the arbitration award by ascribing reasons in support of the claims allowed and q.....

Tags : Madras High Court, Setting Aside of Arbitral Award

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Kerala HC: Where Dispute Not Adjudicated Upon by Authority, Dispute Becomes Arbitrable(08.12.2021)

Kerala High Court has ruled that if a dispute is to be adjudicated upon by an authority other than the Arbitrator as per the agreement between the par.....

Tags : Kerala High Court, Arbitrability of Dispute

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Supreme Court: Basis that Allegations of Fraud are not Arbitrable is a Wholly Archaic View(13.01.2021)

Supreme Court has ruled that the ground that allegations of fraud are not arbitrable is a wholly archaic view, which has become obsolete, and deserves.....

Tags : Supreme Court, Fraud, Arbitrable

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RBI Hikes Repo Rate by 25 bps(06.06.2018)

Reserve Bank of India has hiked the repo rate by 25 bps (basis points) or 0.25 per cent to 6.25 per cent. The central bank has also increased the reve.....

Tags : RBI

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RBI Turns Net Seller of Foreign Currency in August(13.10.2015)

Reserve Bank of India (RBI) for the first time in the past one year has turned net sellers of foreign currency in August to help arrest the slide in t.....

Tags : Reserve Bank of India (RBI),Foreign Currency

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Amendments to the Arbitration and Conciliation Bill, 2015(26.08.2015)

The Union Cabinet approved amendments to the Arbitration and Conciliation Bill, 2015. The changes include having to disclose in writing the existence .....

Tags : Arbitration, bill, 2015, amendments

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Guj. HC Directs Compensation of Rs. 10 Lakh Each to Kin of Deceased in Morbi Bridge Collapse Tragedy(23.02.2023)

Gujarat High Court has directed M/s Ajanta to pay Rs. 10 lakh each to the next of kin of the deceased/victims, and Rs. 2 lakh each to the injured as i.....

Tags : Gujarat High Court, Morbi Bridge Collapse, Compensation

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DC Federal Judge Refuses To Confirm Arbitration Award To Hardy Oil & Gas(12.06.2018)

United State District Court for the District of Columbia has refused to confirm the arbitration award which would have resulted in Hardy Exploration &.....

Tags : Arbitration

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RBI to Waive All Charges on Fund Transfers via RTGS and NEFT from July 1(12.06.2019)

Following up on the announcement of June 6 after the bi-monthly monetary policy review, the RBI said it has reviewed the various charges levied by it .....

Tags : RBI

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Reserve Bank of India releases draft direction on the prudential framework applicable to financing of project loans(03.05.2024)

With a view to strengthen the extant regulatory framework governing project finance and to harmonise the instructions across all regulated entities, R.....

Tags : RBI, Net Present Value, NPV

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RBI Grants Approval for First Conversion from Urban Cooperative Bank to Small Finance Bank(07.01.2020)

Reserve Bank of India has granted ‘in-principle’ approval to Saharanpur-based, Shivalik Mercantile Cooperative Bank to convert from an Urban Cooperat.....

Tags : RBI, Small Finance Bank

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RBI Notifies Rates for Small Saving Schemes for Q2(08.07.2016)

Reserve Bank of India (RBI) has notified the interest rates for different small savings schemes for the quarter ending September. The interest rates h.....

Tags : Reserve Bank of India, RBI, small savings schemes

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Govt Sacks 2 PNB Executives for Ignoring RBI Advice That May Have Prevented Nirav Modi Fraud(21.01.2019)

The executive directors allegedly failed to follow RBI advice to link SWIFT (Society for Worldwide Interbank Financial Telecommunication) with the cor.....

Tags : RBI

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Delhi HC: Party Can’t Challenge Arbitral Award After Receiving Payment of Decided Amount(29.01.2024)

Delhi High Court has held that a party that has received payment in terms of an arbitral award cannot challenge the award with respect to the disallow.....

Tags : Delhi High Court, Arbitral Award, Disallowed Claims

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Delhi HC: Parties Can’t be Referred to Arbitration When Moratorium Issued by NCLAT(23.12.2022)

Delhi High Court has held that moratorium granted by NCLAT after resolution process is initiated against it is akin to an order of moratorium passed u.....

Tags : Delhi High Court, Moratorium, NCLAT, Arbitration, IBC

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RBI Announces Safeguards for Funds Raised via TLTRO Mechanism(16.04.2020)

Reserve Bank of India (RBI) has set a threshold on the deployment of funds raised by a bank through the Targeted Long Term Repo Operations (TLTRO) at .....

Tags : RBI, Safeguard for Funds

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Parliament Passes Arbitration & Conciliation (Amendment) Bill, 2021 for Automatic Stay on Awards(11.03.2021)

Rajya Sabha has passed the Arbitration and Conciliation (Amendment) Bill, 2021 by voice vote. It seeks to amend the Arbitration and Conciliation Act, .....

Tags : Parliament, Arbitration & Conciliation (Amendment) Bill, 2021

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Jaitley Plays Down Rift With RBI, Says Highlighting Distresses of Economy Not Breach of Autonomy(18.01.2019)

As an autonomous institution, Jaitley respects the RBI for its autonomy. But, he maintains that during the consultation process one is entitled to fre.....

Tags : RBI

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RBI Launches 'MANI' App for Visually Challenged to Identify Currency Notes(02.01.2020)

Reserve Bank of India has launched a mobile app to identify currency notes. The visually challenged can identify the denomination of a note by using t.....

Tags : RBI, MANI App

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Madhya Pradesh HC: Delegation of Work Shall not Lead to Arbitrary Reduction of Contract Wages(22.01.2024)

Madhya Pradesh High Court has held that contract wages of employees cannot be reduced arbitrarily and illegally in case of delegation of work.

Tags : Madhya Pradesh High Court, Contract Wages, Arbitrary Reduction

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Karnataka HC: Challenge to Award in International Commercial Arbitration Can be Made Before HC(25.02.2022)

Karnataka High Court has ordered that in view of Section 2(e)(ii) of the Arbitration and Conciliation Act, 1996 a challenge to an award in an Internat.....

Tags : Karnataka High Court, Challenge to Award, International Commercial Arbitration

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SC: Arbitral Award Can't be Challenged on Ground That Arbitrator Has Failed to Appreciate Facts(19.01.2022)

Supreme Court has reiterated that the Appellate Court exercising power under Section 30 and 33 of the Arbitration Act, 1940 ought not to reassess or r.....

Tags : Supreme Court, Arbitral Award

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Del. HC: Appln. U/S 34 A&C Act Doesn’t Cease to be Only Because Procedural Requirements Not Complied(13.01.2023)

Delhi High Court has held that an application to set aside an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996 (A&C Act) .....

Tags : Delhi High Court, Arbitration and Conciliation Act, Procedural Requirements

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Singapore International Arbitration Centre Extends Interim Ruling for Amazon-Future Dispute(29.01.2021)

Singapore International Arbitration Centre (SIAC) has extended the interim ruling, which was in Amazon’s favor and valid for 90 days in Amazon-Future .....

Tags : Singapore International Arbitration Centre, Amazon-Future Dispute

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SC: Issue of Arbitrability Should be Left to Arbitrator Unless Found That Dispute is Non- Arbitrable(07.11.2022)

Supreme Court has held that while considering application under Section 11(6) of Arbitration and Conciliation Act, dispute with respect to arbitrabili.....

Tags : Supreme Court, Arbitration

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Supreme Court Supports RBI Decision to Ban Indian Crypto Services(14.05.2018)

Supreme Court has turned down a request to issue a temporary order against restrictions put by the central bank on other banks related to digital curr.....

Tags : Supreme Court, RBI

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Delhi HC: Non-Signatory Confirming Party to Arbitration Clause, Can Invoke Arbitration(13.10.2022)

Delhi High Court has held that a confirming party to a Contract, who is not bound by the terms of the Contract and on whom no liability is affixed und.....

Tags : Delhi High Court, Confirming Party, Arbitration Clause

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RBI to make FEMA compounding orders public(26.05.2016)

The Reserve Bank of India will provide information on compounding orders passed after 1 June 2016.

The step, seen as a further shaming tac.....

Tags : fema, compounding, rbi, order

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Delhi HC: Arbitration Clause Continues To Operate Even After Dissolution Of Partnership(27.01.2023)

Delhi High Court has observed that an arbitration clause contained in a contract executed with a partnership firm, will continue in effect even after .....

Tags : Delhi High Court, arbitration, dissolution, partnership

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Allahabad HC: Arbitration Under Highways Act Limited to Independent Determination of Compensation(19.02.2021)

Allahabad High Court has ruled that arbitration under section 3-G (5) of The National Highways Act, 1956 is limited to the determination of the fair a.....

Tags : Allahabad High Court, Arbitration Under Highways Act

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Delhi HC: Notice Stating Right To Initiate Arbitration Not A Notice U/S 21 A&C Act(20.10.2022)

Delhi High Court has held that a notice issued by a party, stating its right to initiate arbitral proceedings, which it would subsequently initiate if.....

Tags : Delhi High Court, arbitral

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ARBITRATION - Pre-Deposit Clauses to Invoke Arbitration Makes Arbitral Process Ineffective: SC(12.03.2019)

Supreme Court has observed that pre-deposit clauses to invoke arbitration would render the arbitral process ineffective and expensive, and also struck.....

Tags : Supreme Court, Arbitration, Pre-Deposit Clauses

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RBI Allows Firms having Forex Exposure to Book Forex Forward and Foreign Currency(09.10.2015)

RBI has allowed all resident individuals, firms and companies, who have actual or anticipated foreign exchange exposures, to book foreign exchange for.....

Tags : RBI,Forex Forward ,Foreign Currency

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IOB Q4 Loss Widens to Rs 3,606.73 Crore on Rising Bad Loans(30.05.2018)

The loss was mainly due to provisioning requirements including higher provisions on account of RBI guidelines on revised framework on Resolution of St.....

Tags : RBI

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Patna HC: Application u/s 34 Arbitration Act Challenging Arbitral Award is Not Suit(01.02.2022)

Patna High Court has held that an application filed under Section 34 of the Arbitration and Conciliation Act, 1996 challenging an arbitral award is no.....

Tags : Patna High Court, Application u/s 34 Arbitration Act

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Del. HC: Court Can’t Set Aside Majority Opinion of the Arbitral Award(02.01.2024)

Delhi High Court has held that a party can’t file a petition u/s 34 of A&C Act for setting aside a majority or a dissenting opinion, as in the event C.....

Tags : Delhi High Court, Arbitral Award, Majority Opinion

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As RBI Says 99.3% Demonetised Notes Back in Banks, Mamata Hits Out at Modi Govt(29.08.2018)

Mamata Banerjee’s statement comes after RBI said that as many as 99.3 percent of the old Rs 500 and 1,000 notes that were banned overnight in Novemb.....

Tags : RBI

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How is Google Pay App Operating Without Authorisation, Delhi HC Asks RBI(12.04.2019)

The petition has sought a direction to RBI to order Google to "immediately" stop GPay's "unauthorised operation" in India.

Tags : RBI

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District courts 'principal civil Court' in Bihar(30.07.2015)

The District Court, not the Subordinate court, have original jurisdiction in Bihar for receiving matters under Section 34 of the Arbitration and Conci.....

Tags : arbitration, civil, original jurisdiction

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Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions - Issuance of EMV Chip and PIN Cards(27.08.2015)

Due to difficulties faced by banks in only providing Chip and Pin cards to their customers from 1 September, 2015, the Reserve Bank of India has grant.....

Tags : Rbi, chip and pin, card, extension

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Delhi HC: Can Refer to Arbitration a Dispute Under ‘Non-Binding Term Sheet’(23.12.2022)

Delhi High Court has held that dispute between parties under an agreement titled as "Non-Binding Term Sheet" can be referred to arbitration, as the ar.....

Tags : Delhi High Court, Arbitration, Non-Binding Term Sheet

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Delhi HC Allows Application to Extend Time for Completion of Arbitration Proceedings(16.04.2020)

Delhi High Court has allowed extension of time in a plea moved under Section 29A(5) of the Arbitration and Conciliation Act, 1996 for concluding the a.....

Tags : Delhi HC, Arbitration

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SC: Arbitral Tribunal Before 2015 Amendment Would Lose Mandate on Violation of Neutrality Clause(05.01.2022)

Supreme Court has held that an arbitral tribunal constituted as per an arbitration clause before the 2015 amendment to the Arbitration and Conciliatio.....

Tags : Supreme Court, Arbitral Tribunal Before 2015 Amendment , Violation of Neutrality Clause

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RSS Ideologue Gurumurthy Appointed to RBI Board, Says Accepted Role in Public Interest(09.08.2018)

Gurumurthy, who had referred demonetisation decision as the equivalent of Financial Pokhran, is associated with the Rashtriya Swayamsevak Sangh (RSS) .....

Tags : RBI

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Arbitration tribunal empowered to recall order ‘in the interest of justice’(08.07.2016)

An arbitration tribunal can exercise its inherent powers to “secure the ends of justice”, the Chhattisdarh High Court said, allowing claims that the t.....

Tags : chhattisgarh, arbitration, order, recall, interest of justice

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Bom. HC: Remedy Under the SARFAESI Act and A&C Act Work in Tandem(27.12.2023)

Bombay High Court while observing that debt owed to financial institutions under SARFAESI is arbitrable, has held that remedy under the SARFAESI Act i.....

Tags : Bombay High Court, SARFAESI, Arbitration

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SC: Section 12(5) Of Arbitration & Conciliation Act is Mandatory & Non- Derogable Provision(22.01.2021)

Supreme Court has observed that the Section 12(5) of the Arbitration and Conciliation Act, 1996 read with the Seventh Schedule, which deals with ineli.....

Tags : Supreme Court, Section 12(5) Of Arbitration & Conciliation Act

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RBI Releases Fourth Bi-Monthly Monetary Policy Statement, 2016-17(05.10.2016)

Reserve Bank of India (RBI) has released Fourth Bi-monthly Monetary Policy Statement, 2016-17 and cut down Repo Rate by 25 Bps to 6.25%.

Tags : RBI, Monetary Policy

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RBI: Repo Rate Remains Unchanged at 7.25%;CRR Unchanged(04.08.2015)

Reserve Bank of India has kept interest rates unchanged. However it has raised hopes of a reduction before the end of the year if the monsoon maintain.....

Tags : RBI, Repo rate

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Detection of Counterfeit Notes(27.08.2015)

The Reserve Bank of India notified changes to procedures for recording counterfeit notes by banks. Notes tendered over the counter will be checked for.....

Tags : Rbi, counterfeit, note, reporting

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HP HC: Person Ineligible to Act as Arbitrator Can’t Appoint Another Arbitrator for Deciding Dispute(01.03.2023)

Himachal Pradesh High Court has held that any appointment of other person as arbitrator by person who is himself ineligible to act as an Arbitrator fo.....

Tags : Himachal Pradesh High Court, Arbitrator, Dispute

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Bombay HC: Court Not Powerless to Appoint Appropriate Arbitral Tribunal(30.01.2023)

Bombay High Court has held that even if party’s right to appoint its nominee in Arbitral Tribunal is forfeited because it failed to exercise its right.....

Tags : Bombay High Court, Arbitral Tribunal, Arbitration

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Averments set up by applicants are expected to be specifically denied by replying party, if there is no specific denial, then such an averment is deemed to have been admitted by the otherside(04.06.2018)

The Applicants have filed instant applications before present Court for the appointment of a sole Arbitrator under Section 11(6) of the J & K Arbitrat.....

Tags : Dispute, Settlement, Arbitrator, Appointment

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Kerala HC: Lacuna in Arbitration Act Needs to be Addressed(09.02.2023)

Kerala High Court while expressing displeasure at the non-execution of an arbitration award that had been pending for over 10 years, has observed that.....

Tags : Kerala High Court, Arbitration, Lacuna

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Del. HC Quashes Order Upholding Arbitral Award Directing SpiceJet to Pay ?270 Cr. to Kalanithi Maran(22.05.2024)

Delhi High Court has set aside an order that upheld an arbitral award, directing SpiceJet and its chairman, Ajay Singh to pay an amount of ? 270 Crore.....

Tags : Delhi High Court, Arbitral Award, SpiceJet

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Supreme Court Explains Whether Arbitration Clause Can be Invoked After Parties Compromise(01.08.2019)

Supreme Court has ruled that when the parties to a contract containing arbitration clause have settled their differences and have arrived at a comprom.....

Tags : Supreme Court, Arbitration Clause

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Delhi HC: Petition u/s 9 A&C Act Not Maintainable Against Procedural Orders of Arbitral Tribunal(15.04.2022)

Delhi High Court has ruled that a petition under Section 9 of the Arbitration and Conciliation Act, 1996 (A& Act) for interim measures of protection, .....

Tags : Delhi High Court, Procedural Orders of Arbitral Tribunal

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Cal HC: Agreement’s Certified Copy Attested by Notary Enough to Meet Condition of S. 8(2) of A&C Act(04.04.2024)

Calcutta High Court has held that in order to entertain an application under Section 8(2) of the Arbitration and Conciliation Act, 1996 it would be su.....

Tags : Calcutta High Court, Certified Copy, Original Arbitration Agreement, Notary

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SC: Execute Arbitral Award Secured by DAMEPL Against DMRC in 3 Months(15.12.2022)

Supreme Court has directed execution of Rs 7,200 crore arbitral award won by Delhi Airport Metro Express Private Limited (DAMEPL) against State-owned .....

Tags : Supreme Court, DMRC, Arbitral Award

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Person Ineligible to be Arbitrator U/S. 12(5) of Arbitration Act can’t Appoint Another Arbitrator: SC(17.04.2019)

Supreme Court has held that the appointment of arbitrator by a person who himself is ineligible to be an arbitrator as per Section 12(5) of Arbitratio.....

Tags : Supreme Court, Ineligible to be Arbitrator, Arbitration Act

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Del HC: Delay in Approaching Authority for Constitution of Tribunal Won’t Render Claims Time Barred(10.02.2023)

Delhi High Court has held that period within which party is required to approach court for constitution of arbitral tribunal, can’t be conflated with .....

Tags : Delhi High Court, Limitation, Claims, Arbitral Tribunal

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RBI Permits Importers to Raise Trade Credit in Rupees(15.09.2015)

Reserve Bank of India (RBI) has allowed resident importers to raise trade credit in rupees, with riders. It can be raised after entering into a loan a.....

Tags : RBI, Trade Credit

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RBI Imposes Rs 50 Lakh fine on PNB for Delay in Reporting Fraud in Kingfisher Airlines Account(03.08.2019)

Punjab National Bank in a regulatory filing said that the RBI took the decision based on a fraud monitoring report-1 that had been submitted by the ba.....

Tags : RBI

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Kar. HC: Parties Can’t be Forced to Arbitration Proceed. if Not Signatory to Joint Venture Agreement(29.03.2024)

Karnataka High Court has held that if the parties are not signatories to the Joint Venture Agreement then the Court cannot direct them to be parties t.....

Tags : Karnataka High Court, Arbitration Proceedings, Joint Venture Agreement

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MP HC: Can’t Object to Jurisdiction After Participating in Arbitral Proceedings Without Protest(14.12.2022)

Madhya Pradesh High Court has held that a party which has participated in the arbitration proceedings without any protest or challenge as to the juris.....

Tags : Madhya Pradesh High Court, Arbitral Proceedings, Jurisdiction, Protest

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Mandate of "Ineligible" Arbitrator u/s 12(5) of Arbitration Act terminates automatically: SC(17.04.2019)

Supreme Court held that ineligibility of a person barred from appointment as an arbitrator under Section 12(5) of the Arbitration and Conciliation Act.....

Tags : Supreme Court, Ineligible Arbitrator, Arbitration Act

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SC: Writ Jurisdiction Can be Applied When Contractual Terms Imposed by State are Arbitrary(09.02.2023)

Supreme Court while invalidating GAIL's Condition imposed on IPCL, has held that if the State in its contractual dealings fails to exercise a degree o.....

Tags : Supreme Court, Writ Jurisdiction, Contractual Terms, Arbitrary

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All. HC: Juris. While Dealing With S.34 App. Can’t be Disputed by Party Filing S.9 App. in One Court(22.05.2024)

All. HC has held that if a party has filed an application under Section 9 of A&C Act, 1996 before one court then objection regarding territorial juris.....

Tags : Allahabad High Court, Territorial Jurisdiction, Arbitration Agreement

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Lok Sabha Passes Arbitration and Conciliation (Amendment) Bill, 2019(02.08.2019)

Lok Sabha has passed the Arbitration and Conciliation (Amendment) Bill, 2019. The Bill aims at making India an international arbitration hub by provid.....

Tags : Lok Sabha, Arbitration and Conciliation (Amendment) Bill, 2019

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Delhi HC: In Absence of Anything Contrary, Venue of Arbitration Will be Seat of Arbitration(03.11.2023)

Delhi High Court has held that in absence of anything contrary in the arbitration agreement, the venue of arbitration would actually be the seat of ar.....

Tags : Delhi High Court, Arbitration, Venue, Seat

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Supreme Court Quashes Tough Reserve Bank Circular on Resolving Bad Debt(02.04.2019)

Several companies, especially power firms, had sought intervention of the Supreme Court saying the time given by the RBI was not enough time to tackle.....

Tags : Court, RBI, Supreme Court

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TL HC: First Committee On Wilful Defaulters Not Obligated To Mention Its Composition In Its Order(19.10.2022)

Telangana High Court has ruled that as per Clause 3(a) of the RBI Master Circular on Wilful Defaulters dated 01.07.2015, the First Committee is not ob.....

Tags : Telangana High Court, RBI, Circular

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RBI cancels Certificate of Registration of 7 NBFCs(17.08.2015)

The Reserve Bank of India cancelled the certificate of registration of seven non-banking financial companies. The companies are no longer allowed to t.....

Tags : Rbi, nbfcs, certificate, cancellation

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Delhi HC: Invoking CIRP Would Not Make Dispute Non-Arbitrable(19.12.2022)

Delhi High Court has held that dispute would not become non-arbitrable merely because the petitioner, before filing the application for appointment of.....

Tags : Delhi High Court, Arbitration, Insolvency, Non-Arbitrable

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RBI Shortlists 10 Micro Lenders to Set Up Small Banks(17.09.2015)

RBI has shortlisted 10 micro lenders to set up small banks to advance loans primarily to unbanked, small businesses , farmers, micro industries, small.....

Tags : RBI ,small banks

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Top Court Gives RBI Six Weeks to Establish WhatsApp Payments Data Localisation(05.08.2019)

Top Court has given Reserve Bank of India (RBI) six weeks to examine and report whether WhatsApp Payments has fulfilled its data localisation requirem.....

Tags : Top Court, RBI

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Supreme Court Upholds RBI Regulations for Export Ban on PPE Kits(07.12.2021)

Supreme Court has upheld the measures adopted by the Reserve Bank of India to implement the ban imposed by the Union Government on the export of Perso.....

Tags : Supreme Court, RBI Regulations for Export Ban on PPE Kits

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COMPANY - Arbitration Tribunal Dismisses Punj Lloyd’s Claim Against ONGC(15.03.2019)

An arbitration tribunal has rejected a Rs. 1,320 crores claim filed by engineering, procurement and construction (EPC) contractor Punj Lloyd against O.....

Tags : Arbitration Tribunal, Punj Lloyd, ONGC

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Avitel’s petition against arbitral award dismissed(28.09.2015)

The Bombay High Court dismissed Avitel Post Studioz’ petition under the Arbitration and Conciliation Act, 1996 against arbitral awards passed in 2012 .....

Tags : Arbitration, seat, challenge, exclude, jurisdiction

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Arbitrator Can’t Issue Further Directions in an Award Without Proper ‘Adjudication': Delhi HC(04.06.2018)

Delhi High Court has held that an arbitrator cannot issue further ‘directions’ in an award based on settlement, without hearing both the parties in a .....

Tags : Delhi High Court, Arbitration

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Del HC: Decision to Limit No. of Visits by Family/Legal Advisors With Prisoners Not Arbitrary(21.02.2023)

Delhi High Court has held that Delhi Government's decision to restrict the total number of visits by family members, relatives, friends and legal advi.....

Tags : Delhi High Court, Arbitrary, Visits, Prisoners

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Cal. HC: Admitting Jurisdiction in Pleading Enough for Express Agreement(16.02.2023)

Calcutta High Court has held that filing of pleadings before arbitral tribunal and agreeing to jurisdiction of the tribunal therein satisfies the requ.....

Tags : Calcutta High Court, Express Agreement, Jurisdiction, Arbitration

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RBI Relaxes Norms on Loans to CEOs, Directors of Banks(17.09.2015)

RBI has said that loans granted to CEO and Whole Time Director of banks for purchasing car, personal computer, furniture, constructing/acquiring house.....

Tags : RBI, Loans to CEOs, Directors of Banks

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Delhi HC: As Is Where Is Condition in License Agreement Not to Absolve Parties from Disclosures(05.04.2022)

Delhi High Court has upheld the award of an Arbitral Tribunal that stipulated that the condition of as is where is basis in an Agreement of License do.....

Tags : Delhi High Court, Arbitral Tribunal, as is where is, License Agreement

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Kerala HC: Dissenting Views of Minority Members Does Not Constitute Arbitral Award(18.04.2022)

Kerala High Court has observed that the Arbitral Tribunal can pass only one arbitral award and not multiple awards, stating that dissenting views can'.....

Tags : Kerala High Court, Arbitral Tribunal, arbitral award

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Govt Confirms 'Extensive Consultations' With RBI Amid Rift, Silent on Invoking Never-used Powers(31.10.2018)

A statement by the government said "the autonomy for the central bank, within the framework of the RBI Act, is an essential and accepted governan.....

Tags : RBI

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SC: After Setting Aside Arbitral Award, Court Can’t Grant Relief by Modifying Such Award(10.05.2023)

Supreme Court has observed that in arbitration cases court cannot modify arbitral award after setting aside the same since it closes the door for the .....

Tags : Supreme Court, Arbitration, Arbitral Award, Modify

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RBI Issues Security Guidelines for Third Party ATM Switch Application Service Providers(06.01.2020)

Reserve Bank of India has issued the Cyber Security Controls Guidelines for Third-party ATM Switch Application Service Providers. RBI Regulated Entiti.....

Tags : RBI, ATM

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Constitution of Monetary Policy Committee under way(27.06.2016)

The Central government brought in force provisions enabling constitution of the Monetary Policy Committee on 27 June 2016.

The Rules govern.....

Tags : monetary policy committee, members, rbi, inflation

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Complexity of Indian Financial System Warrants Robust Corp Governance in Banks, Says RBI Governor(18.01.2019)

Speaking at the 9th Vibrant Gujarat Global Summit 2019, the RBI chief said the central bank is committed to play its role as the monetary authority fo.....

Tags : RBI

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Revised Guidelines on Bad Loans will Sustain Improvement in Credit Culture, Says RBI Guv(08.06.2019)

Speaking at the NIBM, at the 15th Annual Convocation of Post Graduate Diploma in Management, here, RBI Governor Shaktikanta Das said the new guideline.....

Tags : RBI

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Del. HC: Participation in Civil Suit Filed by Partner, Not Waiver of Right to Invoke Arbitration(17.03.2023)

Delhi High Court has observed that participation of a party in a civil suit instituted by a partner, would not debar the party from initiating indepen.....

Tags : Delhi High Court, Arbitration, Partner

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Jh. HC: Deliberate Departure from Terms of Contract May Amount to Malafide Action by Arbitrator(10.04.2023)

Jharkhand High Court has observed that deliberate departure from the contract amounts not only to manifest disregard of its authority or misconduct on.....

Tags : Jharkhand High Court, Departure, Terms of Contract, Arbitrator

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Gujarat High Court Sets Aside Order Which Interfered With Reasoned Arbitration Award(17.06.2024)

Guj. HC while setting aside the order passed by District Judge interfering with arbitral award has held that arbitral awards providing reasoned interp.....

Tags : Gujarat High Court, Section 34, Arbitration and Conciliation Act

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Bombay HC: Arbitration Clause in Tax Invoice Does Not Constitute Arbitration Agreement(15.04.2022)

Bombay High Court has held that the arbitration clause in a tax invoice cannot be treated as an arbitration agreement binding on the parties.

Tags : Bombay High Court, Arbitration Clause in Tax Invoice

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Del. HC: Arbitral Tribunal Awarding Damages for Loss of Profit is Illegal if it Contradicts Contract(02.08.2024)

Delhi High Court has held that if the Arbitral Tribunal decides to award damages for loss of profit, such decision shall be vitiated by patent illegal.....

Tags : Delhi High Court, Arbitral Tribunal, Contract

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Kerala HC: Writ Jurisdiction Cannot be Invoked to Challenge Appointment of Arbitrator(12.01.2022)

Kerala High Court has held that writ jurisdiction cannot be invoked to challenge the appointment of an arbitrator since such grievances could be redre.....

Tags : Kerala High Court, Appointment of Arbitrator

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SC: When Parties Change Venue of Arbitration by Mutual Agreement, New Place is Seat of Arbitration(19.04.2021)

Supreme Court has held that when parties change the 'venue/place of arbitration' by mutual agreement, the new venue/place will become the 'seat of the.....

Tags : Supreme Court, Seat of Arbitration

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RBI Directs Banks to Grout ATMs to Wall, Pillar or Floor to Improve Security(17.06.2019)

Reserve Bank of India (RBI) has directed banks to ensure their ATMs are grouted to a wall, pillar, or floor by September-end, except those installed i.....

Tags : RBI, ATM

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SC to Centre, RBI: File Response to Plea on Panama Papers(26.07.2016)

SC has asked Centre and RBI to file their response in four weeks to a plea seeking CBI probe against Indian offshore bank account holders named in the.....

Tags : SC, Centre, RBI, Panama papers

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Del HC Issues Directions to Centre and State Payment of Unpaid Dues to Reliance Infra(18.03.2023)

Delhi High Court has directed Centre and State to attend to DMRC’s request for extension of sovereign guarantee or subordinate debt to enable it make .....

Tags : Delhi High Court, DMRC, Reliance Infra, Arbitral Award

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Delhi HC: Arbitral Award Cannot be Sustainable Merely Because of Participation of Parties(31.03.2022)

Delhi High Court has held that the participation of any party is insufficient to infuse life to arbitral proceedings if the award is void ab initio on.....

Tags : Delhi High Court, arbitral proceedings, arbitrator, arbitral award

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Delhi HC: Issue as to Which Party Would Bear GST Expenses Under Agreement is Arbitrable(08.12.2022)

Delhi High Court has held that an issue that relates to the inter se liability of the parties regarding the burden of GST is not related to the taxing.....

Tags : Delhi High Court, GST Expenses, Arbitrable

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Arbitration: R-Infra Wins Rs. 2950 Cr Arbitration Award Against DMRC Over Airport Metro(12.05.2017)

Reliance Infrastructure (R-Infra) has won a Rs 2,950 crore arbitration award against Delhi Metro Rail Corporation (DMRC) for alleged breach by the lat.....

Tags : Airport Metro, DMRC, Arbitration

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From Rate Cut to New NPA Norms, Here Are 10 Key Announcements Made by RBI Today(06.06.2019)

RBI’s MPC now sees consumer price index (CPI) inflation at 3-3.1% in the first half of FY20 and at 3.4-3.7% in the second half of FY20.

Tags : RBI

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Del. HC: Arbitration Award Violating Indian Contracts Act is Patently Illegal(15.03.2023)

Delhi High Court while partially set aside an arbitration award that was passed in contravention of Sections 59-61 of Indian Contracts Act (ICA), 1872.....

Tags : Delhi High Court, Contracts Act, Arbitration Award, Violation, Illegal

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Del HC: Party Can’t Restrict Limitation Period Contrary to Limitation Act, for Invoking Arbitration(24.03.2023)

Delhi High Court has held that party cannot be permitted to restrict the period of limitation for invoking arbitration, in contravention to the limita.....

Tags : Delhi High Court, Limitation Period, Arbitration

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Del. HC: Updation Application to Change Amount of Counter Claim is an Amendment Application(29.03.2023)

Delhi High Court has held that where a party has filed an application seeking to update its counter claims before Arbitral Tribunal, the said applicat.....

Tags : Delhi High Court, Updation Application, Amendment, Arbitral Tribunal

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Supreme Court Lists Out Factors to be Considered by Arbitrator While Awarding Interest(12.10.2018)

Supreme Court has listed factors that must be taken into consideration by the arbitrator while awarding interest, observed that discretion of the arbi.....

Tags : Supreme Court, Arbitration

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Kerala HC Warns Private Hospitals Against Charging Exorbitant Rates on COVID Treatment(11.05.2021)

Kerala High Court has cautioned hospitals to abide by the rates notified by the government in its order, giving strong warning to hospitals for overch.....

Tags : Kerala High Court, Exorbitant Rates on COVID Treatment

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SC: No Unusual Treatment to be Given to Govt While Considering Application for Stay of Arbitral Award(15.07.2019)

Supreme Court (SC) had held that there is no unusual treatment to be given to the Government while considering the application for stay under Section .....

Tags : SC, Arbitral Award

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Gau HC: Can’t Condone Delay in Filing Petition U/S 34 A&C Act Beyond 120 Days(17.04.2023)

Gauhati High Court has held that Court cannot condone delay in the filing of the petition under Section 34 of the Arbitration & Conciliation Act beyon.....

Tags : Gauhati High Court, Period of Limitation, Condone Delay, Arbitration

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Madras HC: Arbitral Award Rendered Mechanically, Remits Matter Back To Arbitrator(20.05.2022)

Madras High Court while remitting back the matters has ruled that an arbitral award rendered by the District Collector awarding a lower value to the l.....

Tags : Madras High Court, Arbitration, National Highway Act, Arbitral Award

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Allahabad HC Imposes Cost on Man Who Sought Reiteration of General Mandamus Against Arbitrary Arrest(25.04.2022)

Allahabad High Court recently imposed a cost of Rs. 20,000 on a person who sought reiteration of a general mandamus, which has already been issued by .....

Tags : Allahabad High Court, Arbitrary Arrest, Cost, Reiteration of General Mandamus

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Calcutta HC: Arbitration Agreement Not Discharged By Death of Party and Is Enforceable(18.04.2022)

Calcutta High Court has observed that an arbitration agreement will not be discharged by the death of a party and it will be enforceable by or against.....

Tags : Calcutta High Court, arbitration agreement, legal representatives

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RBI Clarifies 'Mandatory To Link Aadhaar With Bank Account'(23.10.2017)

Reserve Bank of India has clarified that linking of Aadhaar with bank accounts is mandatory.

Tags : RBI

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Madras HC: Arbitral Award Not Hit by Adequacy Facet if Reasons Given Not Laconic(02.05.2022)

Madras High Court has held that an arbitral award cannot be set aside on the ground of non-adequacy of reasons as long as the reasons given are not La.....

Tags : Madras High Court, Arbitral award, Laconic

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SC Strikes Down Law Allowing Kerala to Annul Arbitration Clause and Arbitration Awards(05.05.2022)

Supreme Court has struck down the Kerala Revocation of Arbitration Clauses and Reopening of Awards Act, 1998, saying it was “unconstitutional” as it v.....

Tags : Supreme Court , separation of powers, unconstitutional, arbitral awards, arbitration clause

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RBI Caps Banks' Exposure to Single NBFC at 20% of Capital Base(13.09.2019)

Reserve Bank of India (RBI) has observed that it has decided that a bank’s exposure to a single NBFC (excluding gold loan companies) will be restricte.....

Tags : RBI, NBFC

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SC To HCs’: Dispose Sec 11(5) & 11(6) Applications Pending For Over 1 Year Within 6 Months(25.05.2022)

SC while emphasising the need for High Courts to decide applications for appointments of Arbitrators has observed that if the arbitrators are not appo.....

Tags : Supreme Court, High Courts, Arbitration, Appointment

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RBI Permits Residents to Conduct Foreign Currency-Rupee Swaps Transactions with Multilateral Bodies(06.11.2015)

Reserve Bank of India (RBI) has permitted domestic entities to conduct foreign currency-rupee swaps with multilateral agencies and allow hedging of lo.....

Tags : RBI, Foreign Currency-Rupee Swaps Transactions

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Cal HC: Section 12(5) of A&C Act Not Applicable to Arbitration Commenced Before 2015 Amendment(17.04.2023)

Calcutta High Court has held that Section 12(5) of the Arbitration & Conciliation Act, 1996 would not apply to arbitrations that commenced before the .....

Tags : Calcutta High Court, Arbitration, Amendment, Section 12(5), Retrospectively

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Delhi HC: Arbitrator Can’t Allow Forfeiture of Consideration Amount Without a Proof of Actual Loss(23.05.2022)

Delhi High Court has held that the arbitrator cannot allow forfeiture of a substantial amount of consideration without the proof of actual loss solely.....

Tags : Delhi High Court, Earnest Money, Arbitration

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SC: Arbitral Tribunal Can Grant Post Award Interest Included in Sum of Award(26.04.2022)

Supreme Court has ruled that the Arbitral Tribunal can grant post-award interest on the sum of the award including the interest component. The Court r.....

Tags : Supreme Court, arbitral tribunal, Section 31(7), Arbitration and Conciliation Act, 1996

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Intervention of the Court is envisaged only in few circumstances like fraud or bias by the Arbitrators or violation of natural justice(03.10.2017)

The Appellant, in present appeals, has challenged the legality and correctness of the judgment and order passed by High Court of Calcutta. Appellant s.....

Tags : Dispute, Arbitrability, Award, Interest

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SC: ‘Existence of Arbitration Agreement’ Would Include Aspect of Validity of Arbitration Agreement(16.12.2020)

Supreme Court has held that the expression 'existence of arbitration agreement' in Section 11 of the Arbitration and Conciliation Act, 1996 would incl.....

Tags : Supreme Court, Validity of Arbitration Agreement

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Stalling foreign arbitral award with Indian law rebuked(13.05.2016)

Where parties to a contract choose a seat of arbitration outside India and the law applicable is explicitly not Indian, courts in India do not have ju.....

Tags : Arbitration, abroad, jurisdiction, umpire

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‘Ready to Return If....': Amid Buzz of Grand Alliance Backing, Raghuram Rajan Hints at Comeback(28.03.2019)

Former RBI governor Raghuram Rajan is speculated to be the opposition’s choice for finance minister if the grand alliance comes to power in upcoming.....

Tags : RBI

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SC: Arbitrator Cannot Modify Award on An Application Under Section 33 Arbitration Act(23.11.2021)

Supreme Court has observed that an Arbitrator cannot modify an Arbitration award on an application filed under Section 33 of the Arbitration and Conci.....

Tags : Supreme Court, Arbitrator Cannot Modify Award

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Delhi HC: Court Cannot Review Order Passed U/S 11 of A&C Act(12.01.2023)

Delhi High Court has held that orders passed in an application filed under Section 11 of Arbitration and Conciliation Act, 1996 (A&C) cannot be review.....

Tags : Delhi High Court, Arbitration and Conciliation, Review

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'It's the Last Opportunity': SC Orders RBI to Disclose Annual Inspection Reports of Banks Under RTI(26.04.2019)

Warning that any future violation of RTI would be viewed “seriously”, the court asked RBI to review its policy on disclosure of information under .....

Tags : Court, SC, RBI

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MP HC: Commercial Matters Involving Arbitration Disputes Can Only Be Heard by Commercial Court(05.03.2021)

Madhya Pradesh High Court has held that Commercial matters involving Arbitration disputes can only be heard by Commercial Court of the status of Distr.....

Tags : Madhya Pradesh High Court, Commercial Matters Involving Arbitration Disputes

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RBI Issues Cross-Currency Futures Norms(11.12.2015)

Reserve Bank of India (RBI) has issued guidelines for introduction of cross currency futures and exchange traded cross-currency option contracts in th.....

Tags : RBI , Cross-Currency Futures Norms

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SC Issues Notice in Plea Challenging Exorbitant Enrolment Fees Charged by State Bar Councils(10.04.2023)

Supreme Court has issued notice to Central government, Bar Council of India and all the State Bar Councils in the writ petition challenging the exorbi.....

Tags : Supreme Court, Enrolment Fees, Exorbitant, Bar Councils

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Delhi HC: filing of Written Statement Qua Transaction, Not Imply Waiver of Rights in Arbitration(13.05.2022)

Delhi High Court has ruled that a party cannot be deemed to have waived its right to invoke arbitration merely because it has filed a written statemen.....

Tags : Delhi High Court, arbitration, arbitration agreement

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All. HC: Arbitrator to Decide Whether Claims Prior to Work Order are Covered by Arb. Clause or Not(15.04.2024)

Allahabad High Court has held that it is upon the arbitrator to decide whether claims between the parties prior to the work order in question can be c.....

Tags : Allahabad High Court, Section 11 A&C Act, Arbitration Clause

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RBI Limits Consumer Liability In Cases Of Online Fraud(13.07.2017)

RBI has mandated Banks to urge their customers to mandatorily register for SMS alerts, and, wherever available, to register for e-mail alerts, for ele.....

Tags : RBI, Online Fraud

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SC: Absence of Arbitration Agreement Make Article 137 of Limitation Act Inapplicable to Arbitration(07.04.2022)

Supreme Court has observed that Article 137 of the Limitation Act, 1963 would be inapplicable in arbitration proceedings commenced under Bihar Public .....

Tags : Supreme Court, Article 137 of the Limitation Act, 1963, Bihar Public Works Contracts Disputes Arbitration Tribunal, arbitration proceedings

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Allahabad HC: Application for Extension of Time for Passing Award Lies Only Before High Court(20.04.2022)

Allahabad High Court has observed that the Court for the reason of an application under Section 29A of the Arbitration and Conciliation Act, 1996 woul.....

Tags : Allahabad High Court, Section 29A of the Arbitration and Conciliation Act, 1996, High Court

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Unsigned Arbitration Agreement Not Invalid in All Cases: Supreme Court(05.11.2018)

Supreme Court has held that the only prerequisite for an arbitration agreement is that it should be in writing and it cannot be said that in all cases.....

Tags : Supreme Court, Unsigned Arbitration Agreement

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SC: Only Legally Permissible Grounds Should be Included in Petitions & Appeal u/s 34 & 37 of A&C Act(09.07.2024)

SC has observed that bulky and lengthy submissions in arbitral proceedings make arbitral procedure inefficient, unfair and waste Court’s time. It is i.....

Tags : Supreme Court, Arbitral Proceedings, Legally Permissible Grounds

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RBI Allows Use of OTP for Account Opening(09.12.2016)

To quicken the process of opening of bank account, Reserve Bank of India (RBI) has amended its know your customer (KYC) rules to allow banks to open n.....

Tags : RBI, Reserve Bank of India

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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 s.....

Tags : Allahabad HC, Arbitral Awards, Retroactive Application

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RBI releases the results of forward-looking surveys(29.09.2015)

The Reserve Bank of India released results of several surveys on industrial outlook, consumer confidence, professional forecasts on macroeconomic fact.....

Tags : Rbi, surveys, 2015

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SC: By Operation of S. 31(7)(b), Sum Directed to be Paid Under Arbitral Award Shall Carry Interest(14.10.2024)

Supreme Court has held that by operation of Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, the first principle is that the sum direct.....

Tags : Supreme Court, Interest, Arbitral Award

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SC Sets Aside Ex-Parte Arbitration Awards against UP Government in Sham Arbitration Proceedings(10.01.2025)

Supreme Court has set aside ex-parte arbitration awards passed against U.P. Government on grounds of fraud by litigant who self-appointed/nominated ar.....

Tags : Supreme Court, Arbitration Awards, UP Government

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Delhi HC Sets Aside Arbitral Award Requiring Antrix to Pay Over 560 Million USD to Devas Multimedia(30.08.2022)

Delhi High Court has set aside a 2015 arbitral award directing Antrix Corporation Limited, commercial and marketing arm of ISRO, to pay US$ 562.2 mill.....

Tags : Delhi High Court, Arbitral Award, Antrix Corporation

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Punjab and Haryana HC Rejects Plea for CBI Investigation in Orbit Bus Case(04.12.2015)

Punjab and Haryana HC has turned down plea for CBI investigation in case where a 13-year-old girl died on being allegedly thrown off a bus owned by Or.....

Tags : Punjab and Haryana HC, CBI probe, Orbit Bus Case

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Bombay HC: Agreement on Name of Arbitrator Would Not Amount to Waiver of Notice(02.05.2022)

Bombay High Court has observed that simply because the Arbitration agreement provides for the name of the arbitrator, the same would not amount to a w.....

Tags : Bombay High Court, Arbitration and Conciliation Act, 1996, Section 21, Arbitration agreement

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Madhya Pradesh HC: Court Has Jurisdiction U/S 11 A&C Act to Appoint New Arbitrator(04.05.2022)

Madhya Pradesh High Court has held that once the appointment of arbitrator is void ab initio and the arbitrator is barred by virtue of Section 12 (5) .....

Tags : Madhya Pradesh High Court, Arbitration and Conciliation Act, 1996, Section 12 (5), void ab initio

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RBI to Banks: Connect All New Floating-Rate Home, Auto Loans to Repo from October(05.09.2019)

RBI has made it essential for banks to link all new floating-rate loans for housing, auto and MSMEs to external benchmark like repo from October 1, a .....

Tags : RBI, Repo

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Delhi HC: Provision for Quantum of Damages Under LA Act Would Apply to Arbitrations Under RDP Act(24.05.2022)

Delhi High Court has held that the provisions for the quantum of damages under Land Acquisition Act, 2013 (LA Act) would apply to arbitrations under t.....

Tags : Delhi High Court, Damages, Arbitrations

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Del. HC: True Copy of Arbitration Agreement Sufficient for S.11 Petition if Stamp Duty Not Disputed(24.08.2023)

Delhi High Court has held that if the stamp duty of the arbitration agreement is not disputed, the true or certified copy of the agreement containing .....

Tags : Delhi High Court, Arbitration Agreement, True Copy, Stamp

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Don’t Act in a Manner That Makes Public Think RBI, ED Are Politicians’ Puppets: Bombay HC(28.06.2018)

Bombay High Court has observed that those in power and opposition should not act in a manner which gives the public at large an impression that vital .....

Tags : Bombay High Court, ED, RBI

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SC Directs RBI to Disclose Information on Bank Inspection Report Under RTI(26.04.2019)

Supreme Court has directed Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to .....

Tags : Supreme Court, RBI

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Summary of the Electronic Consultation with the Technical Advisory Committee on Monetary Policy: July 2015(25.08.2015)

A consultation with external Members of the Technical Advisory Committee on Monetary Policy was held electronically between 22 and 28 July, 2015. Taki.....

Tags : Rbi, technical advisory, committee, monetary policy

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Despite RBI Clarification, No Takers for Rs 10 Coin in Manipur(17.05.2019)

Skepticism still runs high over the validity of the particular tender among local vendors and shopkeepers.

Tags : RBI

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Bombay HC: Tax Invoices Having Reference to Arbitration, Does not Constitute Arbitration Agreement(13.04.2022)

Bombay High Court has held that acceptance of tax invoices by the opposite party, comprising a reference to arbitration, doesn’t lead to the presumpti.....

Tags : Bombay High Court, tax invoices, arbitration, arbitration agreement

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Calcutta HC: Indian Courts Can Grant Anti-Arbitration Injunction Against Foreign-Seated Arbitration(17.08.2020)

Calcutta High Court has ruled that Civil Courts in India do have the power to grant anti-arbitration injunctions against a foreign-seated arbitration,.....

Tags : Calcutta High Court, Anti-Arbitration Injunction

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SC: Modifying an Award u/s 34 and 37 Impermissible under the Arbitration and Conciliation Act, 1996(08.01.2024)

Supreme Court has held that interference with an order u/s 37 Arbitration and Conciliation Act, 1996 can’t travel beyond restrictions laid down u/s 34.....

Tags : Supreme Court, Arbitration and Conciliation, Independent Assessment

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RBI Releases Guidelines for On-Tap Licensing of Universal Banks in Private Sector(02.08.2016)

Reserve Bank of India (RBI) has released final guidelines for on-tap licensing of universal banks in private sector, under which it ring-fenced bankin.....

Tags : RBI , On-Tap Pvt Sector Bank Licences

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Gujarat HC to RBI: Who Regulated Spot Exchanges(12.10.2016)

Gujarat HC has sought explanation from Reserve Bank of India (RBI) on granting a settlement and clearing licence to National Spot Exchange.

Tags : Gujarat HC , RBI, National Spot Exchange

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PM Modi Never Said Demonetisation Was About Black Money, Claims Union Minister(31.08.2018)

Shukla’s bizarre statement comes just a day after RBI data showed that 99.3% of demonetised notes were returned to banks, sparking a political war-o.....

Tags : RBI

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How is Google's Payment App Operating Without Authorisation, Delhi High Court Asks RBI(12.04.2019)

The court issued notice to RBI and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra, who has contended that GPay doe.....

Tags : Court, RBI, High Court

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RBI Allows Banks to Shift, Merge or Shut Urban Branches(07.08.2015)

Reserve Bank of India has given permission to banks to shift, merge or close branches in urban areas without seeking it’s prior permission.

Tags : RBI, Urban Brances

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RBI releases its Annual Report for 2014-15(27.08.2015)

The Reserve Bank of India released its 'Annual Report 2014-2015' on the working of the Bank. The Report provides an overview of the objectives of the .....

Tags : Rbi, annual report, 2014, 2015

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SC: Arbitration Can be Set Aside Only if Award Against Public Policy(14.01.2022)

Supreme Court has stated that an arbitration award under the Arbitration and Conciliation Act, 1996 can be set aside only if it is found to be contrar.....

Tags : Supreme Court, Setting Aside of Arbitral Award

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Gauhati HC Dismisses Appeal Against Order of Trial Court to Condone Delay in Arbitration Appeal(09.02.2022)

Gauhati High Court has dismissed an appeal filed by the Union of India against an order of the trial Court refusing to condone the delay in filing an .....

Tags : Gauhati High Court, Condone Delay in Arbitration Appeal

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RBI Guidelines on Banking Regulation Act Stresses on Timeline for CAP in Joint Lenders Forum(10.05.2017)

RBI has issued directions u/s 35AB of Banking Regulation Act, 1949 stressing on timelines to be followed while finalizing a Corrective Action Plan (“C.....

Tags : RBI, Banking Regulation Act, 1949

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Del. HC: Power to Award Interest Applies Only in Absence of An Arbitration Agreement(18.03.2023)

Delhi High Court has held that Arbitrator’s discretion while awarding interest in respect of the pre-reference period under Section 31 of Arbitration .....

Tags : Delhi High Court, Arbitration, Pre-Reference Period

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Karnataka HC: Foreign Arbitral Award Enforceable if Property Within Territorial Jurisdiction(04.04.2022)

Karnataka High Court has held that an international commercial arbitral award rendered between parties that have no link with India can be enforced by.....

Tags : Karnataka High Court, international commercial, arbitral award, territorial jurisdiction

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RBI Permits Cooperative Banks to Offer Internet Banking Services(06.11.2015)

RBI has allowed all cooperative banks to offer Internet banking services to their customers and said that any Urban Cooperative Bank, State Cooperativ.....

Tags : RBI , Cooperative Banks , Internet Banking Services

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Allahabad HC Extends 12 Months Period for Disposal of Arbitral Proceedings(06.04.2020)

Allahabad High Court has extended the 12 months period stipulated under Section 29A of the Arbitration & Conciliation Act, 1996, for the Arbitral Trib.....

Tags : Allahabad High Court, Disposal of Arbitral Proceedings

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SC Suggests Amendments to Sections 11(7), 37 of Arbitration and Conciliation Act(09.03.2021)

Supreme Court has observed that the amendments to Section 11(7) and 37 of the Arbitration and Conciliation Act, 1996 might be necessary so that the or.....

Tags : Supreme Court, Amendments to Arbitration and Conciliation Act

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RBI: Banks Can Accept Tax Dues in Cash under Income Declaration Scheme(09.09.2016)

Reserve bank of India (RBI) has directed banks to accept tax dues in cash under the domestic black money declaration scheme which closes on September .....

Tags : RBI, domestic black money declaration scheme

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Yes Bank Board to Meet Tuesday After RBI Directive on Rana Kapoor's Tenure(24.09.2018)

Rana Kapoor, who has been managing director and CEO since Yes Bank's inception in 2004, had sought a three-year extension till August 31, 2021. But, t.....

Tags : RBI

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SC: Limited Scrutiny by Court Under S.11 of A&C Act is Necessary And Compelling(11.04.2023)

Supreme Court has held that under Section 11(6) of the Arbitration and Conciliation Act, 1996, Court’s are not expected to act mechanically and observ.....

Tags : Supreme Court, Judicial Scrutiny, Arbitration, Pre-Reference Stage

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Orissa HC: An Unreasoned Arbitration Award Is Against Public Policy(13.05.2022)

Orissa High Court by setting aside the award of the arbitrator has ruled that an unreasoned arbitral award would be against the public policy. The cou.....

Tags : Orissa High Court, public policy, arbitrator

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RBI: Report Fraud in 3 Days to Avoid Losses(07.07.2017)

RBI has capped the customer liability at Rs 25,000 if they report unauthorised bility at transactions within seven working days.

Tags : RBI

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Calcutta HC: Arbitral Award Holder’s Claim Would Extinguish on Approval of Resolution Plan(10.05.2021)

Calcutta High Court has stated that an arbitral award-holder's claim would stand extinguished upon the approval of a Resolution Plan for the award-deb.....

Tags : Calcutta High Court, Arbitral Award Holder’s Claim

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Lok Sabha Passes New Delhi International Arbitration Centre Bill, 2019(11.07.2019)

Lok Sabha has passed the New Delhi International Arbitration Centre Bill, 2019. The Bill, which replaces an Ordinance promulgated in March this year, .....

Tags : Lok Sabha, New Delhi International Arbitration Centre Bill, 2019

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Cal. HC: Award Passed by Unilaterally Appointed Arbitrator is Null(13.04.2023)

Calcutta High Court has observed that a unilaterally appointed award does not carry the privilege of existence in the eyes of the law and is regarded .....

Tags : Calcutta High Court, Unilateral Appointment, Arbitrator, Enforcement

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Delhi HC Upholds NHAI's Challenge Against Arbitral Tribunal's Fee Fixing Authority(17.05.2022)

Delhi High Court has ruled that the Arbitral Tribunal is permitted to fix its fee, if its appointment is made by way of an ad hoc agreement between th.....

Tags : Delhi High Court, Arbitral Tribunal, Agreement

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Madras HC: Arbitration Clause Contained in Partnership Deed Survives Termination of Deed(25.04.2022)

Madras High Court has held that the arbitration clause contained in a partnership deed survives the termination of the deed. The Court held that the c.....

Tags : Madras High Court, Arbitration Clause Contained in Partnership Deed

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Calcutta High Court: Intention to Arbitrate Must be Clearly Stated by Parties Within Agreement(23.01.2024)

Calcutta High Court has held that parties to an arbitration agreement should clearly state their intentions to arbitrate and should abstain from using.....

Tags : Calcutta High Court, Intention to Arbitrate, Agreement

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Bom HC: Arb. Clause Can’t be Invoked By Individuals/Minorities Of Housing Society In Dev. Agreement(09.02.2024)

Bombay High Court has held that individual/minority members of society cannot invoke arbitration clauses in development agreements against developer b.....

Tags : Bombay High Court, Housing Society, Development Agreement, Arbitration Clauses

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Del HC: Can Refer to Arbitration Dispute Regarding Use of TM by Partner for His Sole Proprietorship(13.01.2023)

Delhi High Court while observing that disputes relating to subordinate rights in personam arising from rights in rem are arbitrable has held that disp.....

Tags : Delhi High Court, Arbitration, Trademark, Subordinate Rights

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Bombay HC: Arbitration Clause Cannot be Defeated by Adding Cause of Action Beyond its Scope(13.04.2020)

Bombay High Court has held that a litigant cannot be permitted to defeat an arbitration agreement by adding a cause of action in the suit which is not.....

Tags : Bombay High Court, Cause of Action Beyond Arbitration Clause's Scope

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Arbitral Tribunal Holds Zo Rooms Entitled to 7% Shareholding in $9 Billion Valued-Oyo(09.03.2021)

Arbitral Tribunal, in a tussle between Oravel Stays Pvt Ltd (Oyo) and start-up Zostel Hospitality Pvt Ltd (Zostel), has held that Zo Rooms is entitled.....

Tags : Arbitral Tribunal, Oyo-Zostel Arbitration

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Supreme Court: Ineligible Arbitrator Can’t Nominate Another Arbitrator(04.07.2017)

Supreme Court has held that once arbitrator has become ineligible by operation of law, he cannot nominate another as an arbitrator.

Tags : Arbitrator, Supreme Court

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AP HC: App. u/s 11(6) Can Only be Maintained if Parties Fail to Refer Dispute to Arbi. Even After Not(15.05.2024)

AP HC has held that, for maintaining an application under Section 11(6) of the Arbitration and Conciliation Act, 1996 it is required to be shown that .....

Tags : Andhra Pradesh High Court, S. 11(6) of A&C Act, Arbitrator

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Petition Under Section 34 A&C Act Petition not to be Remanded to Arbitrator for Fresh Decision: SC(16.10.2018)

Supreme Court has reiterated that the court while deciding a petition under Section 34 of the Arbitration and Conciliation Act has no jurisdiction to .....

Tags : Supreme Court, Arbitration

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Orissa HC: Court for Deciding Applications Arising Out of Arbitration Agreement is Commercial Court(15.04.2022)

Orissa High Court has observed that the Court for the purpose of deciding all the applications arising out of the arbitration agreement between the pa.....

Tags : Orissa High Court, Court for Deciding Arbitration Applications, Commercial Court

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RBI Nod for "In-Principle" Approval to Set-up New TReDS under PSS Act 2007(25.11.2015)

RBI has given in-principle approval to NSE Strategic Investment Corporation Ltd and Small Industries Development Bank of India, Axis Bank and Mynd Sol.....

Tags : RBI , TReDS

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SC: Delay in Adjudication of Commercial Disputes Affects Ease of Doing Business(29.04.2022)

Supreme Court has ordered the Chief Justice of Allahabad High Court to prepare a roadmap for early disposal of execution petitions under the Arbitrat.....

Tags : Supreme Court, Allahabad High Court, business, Arbitration Act

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Bombay High Court: Local Law to Apply When Indian Entities are Party to Arbitration(25.08.2015)

Bombay High Court has ruled that two Indian parties should not put the clauses of foreign law in arbitration, as it is against public policy.

Tags : Bombay High Court ,Arbitration

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Supreme Court: No Appointment of Arbitrator If There is Violation of Conditionality Clause(22.08.2018)

Supreme Court has observed that even after the 2015 amendment which inserted sub-section 6A in Section 11 of Arbitration and Conciliation Act, the arb.....

Tags : Supreme Court, Arbitration

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Delhi HC: Petition Under Article 227 Based on Violation of Legal Provisions Can't Be Allowed(08.04.2022)

Delhi High Court has ruled that a petition under Article 227 of the Constitution of India, 1949 cannot be allowed against an order passed under Sectio.....

Tags : Delhi High Court, Section 16(3), Arbitration and Conciliation Act, 1996, Article 227, Constitution, Tribunal, Jurisdiction

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SC: Arbitration Agreement in Unstamped Contract Which is Exigible to Stamp Duty Not Enforceable(25.04.2023)

Supreme Court Constitution Bench has held that instrument which is exigible to stamp duty may contain arbitration clause and which is not stamped can’.....

Tags : Supreme Court, Constitution Bench, Arbitration Agreement, Unstamped Contract

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PM Modi Needs Rs 3.6 Lakh Crore from RBI to Fix 'Mess' His Economic Theories Created: Rahul Gandhi(06.11.2018)

Gandhi also urged Reserve Bank Governor Urjit Patel to "stand up" to the prime minister and "protect the nation".

Tags : RBI

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Del. HC: Time from Petition u/s 34 of A&C Act to 2015 Amendment Act Excluded from Limitation Period(10.07.2024)

Delhi High Court has held that, for enforcement of an arbitral award, time period beginning from the filing of petition under Section 34 of the Arbitr.....

Tags : Delhi High Court, Limitation Period, Arbitral Award

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SC: Specific Reference Needed to Effect Incorporation of Arbitration Clause in Another Contract(21.03.2024)

Supreme Court has held that when parties enter into a contract, making a general reference to another contract, such general reference would not have .....

Tags : Supreme Court, Incorporation, Arbitration Clause

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Delhi HC Seeks Centre's Response on Petition for Inclusion of Severe Mental Illness as Comorbidity(16.03.2021)

Delhi High Court has sought the Centre's response on a petition seeking directions for the inclusion of mental illnesses in the classification of como.....

Tags : Delhi High Court, Inclusion of Severe Mental Illness as Comorbidity

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Cal HC: All Unilateral Appointments Not Invalid Unless Appointed Arbitrator Falls Within Schedule 7(15.02.2023)

Calcutta High Court has held that all unilateral appointment of arbitrator are not invalid per se unless the arbitrator’s relationship falls within th.....

Tags : Calcutta High Court, Unilateral Appointments, Seventh Schedule, Arbitration

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RBI Grants Flexibility to Banks for Equity Investment(17.09.2015)

RBI while relaxing norms on banks’ equity investments, has said that no Central Bank approval is required to make Banks’ Equity Investments if they ha.....

Tags : RBI , Equity Investment

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Bombay HC: Arbitral Tribunal Cannot Apply Public Law Principles(21.06.2021)

Bombay High Court while setting aside the arbitration award against the BCCI over the termination of Deccan Chargers from IPL observed that an Arbitra.....

Tags : Bombay HC, Arbitral Tribunal

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Delhi HC: Failure to Issue Notice for Additional Payment Does Not Preclude Later Claim(18.04.2022)

Delhi High Court has held that the failure on the part of the contractor to issue notice under the contract does not deprive him of his right to claim.....

Tags : Delhi High Court, contract, arbitral tribunal

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AP HC: Limitation for Seeking Appoint. of Arbitrator Commences After Notice Invoking Arb. is Issued(24.02.2025)

Andhra Pradesh High Court has held that limitation period for filing an application seeking appointment of arbitrator under Section 11 (6) of the Arbi.....

Tags : AP High Court, Appointment of Arbitrator, Notice

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RBI Says No Data on Demonetised Rs 500, 1,000 Notes Used at Petrol Pumps(10.03.2019)

In reply to an RTI query, the RBI said it has no data on the old 500 and 1,000 rupee notes used to pay for utility bills such as fuel at petrol pumps......

Tags : RBI

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Cal. HC: Once Seat of Arbitration is Designated it is to be Treated as Exclusive Jurisdiction(20.01.2025)

Calcutta High Court has held that once seat of arbitration has been designated in an agreement then that seat has to be treated as the exclusive juris.....

Tags : Calcutta High Court, Exclusive Jurisdiction, Seat of Arbitration

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RBI releases results of Consumer Confidence and Inflation Expectations Surveys(03.02.2016)

The Reserve Bank of India released the results of its read»

Delhi HC: Civil Courts Can Block Foreign Arbitration if it’s Oppressive(01.08.2025)

Delhi High Court held that civil courts are not barred from granting anti-arbitration injunctions even in foreign-seated arbitrations, if the proceedi.....

Tags : Foreign Arbitration, Anti-arbitration Injunction, Vexatious Litigation, Delhi HC

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RBI creates Helpline for guiding Start-ups in India on Forex Matters(22.12.2015)

The Reserve Bank of India has created a dedicated email helpline for start-ups in India, offering guidance and assistance to undertake cross-border tr.....

Tags : Rbi, foreign exchange, start-up, email assistance

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Delhi High Court: Can Include Non-Signatories in Arbitration Beyond Group Company Ties(25.07.2024)

Delhi High Court has held that in an arbitration proceeding, non-signatory can be included if there exists a contractual relationship that makes the n.....

Tags : Delhi High Court, Non-Signatories, Arbitration Proceeding

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Delhi HC: Order by Arbitrator Allowing Meeting at Other Place Will Not Change Seat of Arbitration(08.06.2022)

Delhi High Court has held that order passed by the Arbitrator stating that the arbitral proceedings shall be conducted at any other place would not ch.....

Tags : Delhi High Court, Seat of Arbitration, Arbitral Order

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International Tribunal Fines Antrix With Rs 4,435cr(01.10.2015)

An international arbitration court has imposed Rs 4,435cr fine on Isro's commercial arm, Antrix, as damages to Devas Multimedia in regard to Devas-Ant.....

Tags : international arbitration court, Antrix,Devas Multimedia

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SC: Can’t Set Aside Arbitral Award Only Because Appellate Court's View is a Better View(30.09.2024)

Supreme Court has observed that merely for the reason that the view of the Appellate Court is a better view than the one taken by the arbitral tribuna.....

Tags : Supreme Court, Appellate Court, Arbitral Award

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Reserve Bank of India Releases December Issue of the Financial Stability Report(31.12.2024)

Reserve Bank of India has released the December issue of Financial Stability Report (FSR) reflecting on the collective assessment of the Sub-Committee.....

Tags : RBI, Financial Stability Report, Collective Assessment

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Karnataka HC: Arbitration Relating Third Parties and Leading to Other Proceedings Inarbitrary(29.04.2022)

Karnataka High Court has held that reference of a dispute to arbitration cannot be permitted if it would lead to splitting up of the cause of action a.....

Tags : Karnataka High Court, cause of action, arbitration

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SC: Provisions of Limitation Act Will Apply to Arbitration Proceedings Under MSMED Act(30.06.2021)

Supreme Court held that the provisions of Limitation Act, 1963 will apply to arbitration proceedings initiated under Section 18(3) of Micro, Small and.....

Tags : Supreme Court, Arbitration Proceedings Under MSMED Act

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Application Under Order 2 Rule 2 CPC can’t be Considered by Court U/S 11 Arbitration Act: Delhi HC(16.11.2018)

Delhi High Court has held that courts cannot consider the question of viability of a claim under Order 2 Rule 2 of Code of Civil Procedure, while hear.....

Tags : Delhi High Court, CPC, Arbitration and Conciliation Act, 1996

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Stamp Duty Not Necessary For Enforcement Of Foreign Arbitration Awards In India: Supreme Court(14.09.2018)

Supreme Court has held that payment of stamp duty under the Indian Stamp Act is not necessary for the enforcement of foreign arbitration awards in Ind.....

Tags : Supreme Court, Stamp Duty, Arbitration

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Ordinances amending arbitration law and creating commercial courts promulgated(23.10.2015)

Continuing with its policy of if you can’t metamorphosise a Bill into an Act use an Ordinance instead, the Union Cabinet approved the promulgation of .....

Tags : Commercial, arbitration, ordinance, high court

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SC: Can’t Set Aside Arbitral Award on Mere Possibility of Alternate Interpretation of Contract(21.08.2023)

Supreme Court while observing that the jurisdiction u/s 34 of A&C Act is exercised only to see if the Tribunal’s view is perverse or manifestly arbitr.....

Tags : Supreme Court, Arbitral Award, Contract

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Delhi HC: Award of Cost Not Containing Reasons is Arbitrary(19.01.2023)

Delhi High Court has held that awarding costs by a stroke of the pen, without stating reasons would fly in the face of section 31(3) as per which an a.....

Tags : Delhi High Court, Cost, Arbitrary, Reason

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Kerala HC: District Court Has Jurisdiction to Execute Arbitral Award(10.03.2023)

Kerala High Court while evaluating the scheme of Commercial Courts Act, 2015 has held that District Court has the jurisdiction to execute an arbitral .....

Tags : Kerala High Court, Commercial Courts Act, Arbitral Award

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Mere vague averment bereft of material particulars cannot satisfy requirement of pleading mala fide or favoritism(27.07.2018)

Present writ appeal is filed against the order passed by the Writ Court. The Appellants herein are the Respondents before the Writ Court. The Responde.....

Tags : Tender notification, Clause, Arbitrariness

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SC: Arbitrator Can Award Pendente Lite Interest if Not Barred Under Contract(20.03.2023)

Supreme Court has held that unless there is a specific bar under the contract, Arbitrator can award pendente lite interest in view of Section 31(7)(a).....

Tags : Supreme Court, Pendente Lite, Arbitrator, Contract

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Delhi HC: Challenge against Appointment of Arbitrator Can't Be Under Section 14 of the A&C Act(04.04.2022)

Delhi High Court has observed that Section 14 of the Arbitration and Conciliation Act, 1996 (A&C Act) does not provide a separate remedy to the partie.....

Tags : Delhi High Court, Section 14 of the Arbitration and Conciliation Act, 1996, appointment of an arbitrator

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SC Notices RBI over Contempt Petition on Derivative Scam Issue(02.11.2016)

Supreme Court has ordered issuance of notice to Reserve Bank of India officials after hearing contempt petition moved by Tirupur Exporters Association.....

Tags : Supreme Court , RBI , Tirupur Exporters, Derivatives Scam

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Gau HC: Courts Have Duty to Examine & Reject Time Barred Claims to Protect Parties from Arb. Process(07.06.2024)

Gauhati High Court has held that courts have a duty to examine and reject time-barred claims in order to prevent parties from getting trapped in costl.....

Tags : Gauhati High Court, Time Barred Claims, Arbitration Processes

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Scheme for Sustainable Structuring of Stressed Assets(13.06.2016)

The Reserve Bank of India formulated a scheme for resolution of large stressed accounts. The Scheme for Sustainable Structuring of Stressed Assets, or.....

Tags : rbi, stressed asset, resolution, sustainable, scheme

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SC: Intricate Enquiry Whether Claims are Time Barred Must Not be Conducted by Referral Courts(19.07.2024)

Supreme Court while deciding an application on appointment of arbitrator, has held that an intricate evidentiary enquiry must not be conducted by the .....

Tags : Supreme Court, Appointment of Arbitrator, Referral Courts

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Madras HC: Enforcement of a Foreign Arbitral Award can be Filed in More Than One High Court(01.06.2022)

Madras High Court has held that more than one High Court can exercise jurisdiction for the recognition and enforcement of an arbitral award if the cla.....

Tags : Madras High Court, Arbitral Award, Jurisdiction

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RBI Permits FII/RFPI to Invest Up to 30 % in the Equity of Supreme Industries(25.09.2015)

RBI has allowed Foreign Institutional Investors (FII) and Registered Foreing Portfolios Investors (RFPI) to invest up to 30% in equity of Supreme Indu.....

Tags : RBI,FII,RFPI

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SC: Referral Courts at Referral Stage Must Not Venture into Questions Involving Complex Facts(11.09.2024)

Supreme Court has restated that once there is existence of a valid arbitration agreement, then referral courts at referral stage would not be justifie.....

Tags : Supreme Court, Arbitration Agreement, Referral Courts

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RBI’s Circular issued to extend relief to borrowers during the COVID-19 pandemic is not applicable to defaults prior to the outbreak of the pandemic(18.12.2020)

The present writ petition has been filed challenging the impugned letter sent by Respondent No.1/IL&FS Financial Services Ltd. ('IL&FS'), by which it .....

Tags : Burrowers, RBI circulars, Applicability

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Kar. HC: Constitution of Arbitral Tribunal Doesn’t Restrict Application for Interim Relief by Court(25.07.2022)

Karnataka High Court has held that the restriction contained under Section 9(3) of the Arbitration and Conciliation Act, 1996 would not apply once an .....

Tags : Karnataka High Court, Interim relief, Arbitral Tribunal

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Arbitration Amendment Act, SC Says: New S. 36 Apply Even To pending S. 34 Applications(16.03.2018)

SC has clarified that since execution of a decree pertains to the realm of procedure, and that there is no substantive vested right in a judgment debt.....

Tags : Supreme Court, Arbitration

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Cal. HC to Centre: Probe Fraud Committed by Railways to Obtain Favorable Award(09.08.2023)

Calcutta High Court while unconditionally stayed an arbitral award granted in favour of South Eastern Railways on ground of fraud perpetrated by collu.....

Tags : Calcutta High Court, Arbitral Award, Collusion, Fraud

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Delhi HC: Communication between Parties through Whatsapp Constitute Valid Agreement(04.07.2025)

Delhi High Court has held that communications exchanged through WhatsApp and email can amount to a valid arbitration agreement between the parties.

Tags : Delhi High Court, Valid Arbitration Agreement, WhatsApp

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Cal. HC: Conduct of the Parties Can't Substitute Arbitration Agreement(22.08.2022)

Calcutta High Court has held that Court while exercising powers under Section 11 of Arbitration & Conciliation Act is bound to examine existence of ar.....

Tags : Calcutta High Court, Arbitration Agreement, Objections

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Bombay HC: NCLAT Has No Jurisdiction Over Petition Under Arbitration Act(14.04.2021)

Bombay High Court has held that the National Company Law Appellate Tribunal has absolutely no jurisdiction over it in a petition under the Arbitration.....

Tags : Bombay High Court, National Company law Appellate Tribunal, Jurisdiction Over Petition Under Arbitration Act

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SC: Party Without Notice of Section 11(6) Petition Filed By Other Party Free to Appoint Arbitrator(06.01.2022)

Supreme Court has held that a party to the arbitration agreement can appoint an arbitrator even after an Arbitration Petition under Section 11(6) of t.....

Tags : Supreme Court, Appointment of Arbitrator

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Supreme Court Rules on Limitation Period for Application to Set Aside Arbitration Award(13.08.2018)

Supreme Court has held that limitation period to make application to set aside arbitral award would start running from the date of disposal of the app.....

Tags : Supreme Court, Arbitration Award

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Delhi HC: Courts Should Rarely Exercise Power to Prevent Arbitration(25.07.2016)

Delhi HC has said that while courts have power to issue injunction against arbitration proceedings, they should use it rarely and said, "Courts need t.....

Tags : Delhi HC , Arbitration

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SC: Existence of Arbitration Clause Does Not Debar Court from Entertaining Writ Petition(14.05.2021)

Supreme Court has observed that the existence of an arbitration clause does not debar the court from entertaining a writ petition in a contractual mat.....

Tags : Supreme Court, Existence of Arbitration Clause

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Calcutta HC: Discretionary Scope to Stay Award u/s 19 MSME Act Wider Than u/s 36(3) Arbitration Act(30.03.2022)

Calcutta High Court has held that the scope of discretion upon a Court to stay an award or a decree under Section 19 of the Micro, Small and Medium En.....

Tags : Calcutta High Court, Arbitration and Conciliation Act, 1996, Small and Medium Enterprises Development Act

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SC Directs RBI to Disclose Information on Bank Inspection Report Under RTI(26.04.2019)

Supreme Court has directed Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to .....

Tags : Supreme Court, RBI

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RBI Releases Final Guidelines on Account Aggregators(05.09.2016)

Reserve Bank of India (RBI) has released final guidelines around setting up a category of Non-Banking Financial Companies (NBFCs) called account aggre.....

Tags : RBI, Account Aggregators

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Supreme Court Announces New Norms for Arbitration Proceedings(08.12.2015)

Supreme Court has announced new norms for hearing arbitration petitions in view of the Arbitration and Conciliation Amendment Ordinance, which came in.....

Tags : Supreme Court, Arbitration and Conciliation Amendment Ordinance

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Delhi HC: Dispute Arising Between Parties Subsequently Can Be be Proceeded In Separate Arbitration(13.04.2022)

Delhi High Court has held that a successive dispute arising from the same transaction can be referred to a separate arbitration and the arbitration ag.....

Tags : Delhi High Court, arbitration agreement

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LCIA Rules Against Djibouti’s Port Company in Dispute with DP World(13.07.2021)

London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company, Port de Djibouti S.A. (PDSA), in its dispute with DP World.....

Tags : London Court of International Arbitration, Djibouti’s Port Company

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Supreme Court: Court Can't Relegate Parties Before Arbitral Tribunal After Setting Aside Award(24.04.2017)

Supreme Court has held that Section 34 (4) of Arbitration and Conciliation Act 1996, does not empower Court to relegate parties before Arbitral Tribun.....

Tags : Supreme Court, Arbitral Tribunal

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Karnataka HC Observes that High Courts Require Commercial Division for International Arbitration(02.06.2022)

Karnataka High Court has held that for High Courts which do not exercise Original Civil Jurisdiction, Commercial Division comprising of a Single Judge.....

Tags : Karnataka High Court, International Arbitration, Commercial Division

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SC: Chief Justice Free to Appoint Arbitrator Even If Arbitration Agreement Provides Otherwise(29.03.2017)

Supreme Court has held that even if an arbitrator is specified in agreement for arbitration, Chief Justice or designated Judge is free to appoint an i.....

Tags : Supreme Court, Chief Justice, Independent Arbitrator

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IFSCA executes MoU with the Reserve Bank of India(16.11.2022)

The International Financial Services Centres Authority (IFSCA) and the Reserve Bank of India (RBI) have entered into a Memorandum of Understanding (Mo.....

Tags : IFSCA, MOU, RBI

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Calcutta HC: Arbitration Invoked After Stipulated Period Doesn’t Frustrate Intention to Arbitrate(18.07.2024)

Calcutta High Court has held that if arbitration has been invoked by the parties after the period that is defined in the arbitration clause, it shall .....

Tags : Calcutta High Court, Arbitration, Stipulated Period

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RBI Raises Withdrawal Limit to Rs. 40,000 for PMC Bank Account Holders(15.10.2019)

Reserve Bank of India has raised withdrawal limit for account holders of the stressed Punjab and Maharashtra Co-Operative Bank to Rs. 40,000 from ear.....

Tags : RBI, PMC Bank

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RBI Permits PCE in Corporate Bonds(25.09.2015)

RBI has permitted banks to provide Partial Credit Enhancement (PCE) to bonds issued by corporates/Special Purpose Vehicles (SPVs) for funding all type.....

Tags : RBI ,PCE,Corporate Bonds

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Cal HC: Venue Won’t be Seat of Arbitration if Agreement Confers Jurisdiction on a Different Court(12.06.2023)

Calcutta High Court has held that presence of a clause which confers exclusive jurisdiction upon a Court in a place other than the venue of arbitratio.....

Tags : Calcutta High Court, Arbitration, Seat, Venue, Jurisdiction

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Delhi HC Grants Time to DMRC for Payment of Outstanding Amount of Arbitral Award to DAMEPL(21.06.2022)

Delhi High Court has granted time to Delhi Metro Rail Corporation (DMRC) to ensure payment of the outstanding amount to Reliance Infrastructure-promot.....

Tags : Delhi High Court, Outstanding Amount, Arbitral Award

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Supreme Court: Courts Cannot Review Technical Bids to Bag Contracts for Public Work(31.03.2018)

Supreme Court has barred Courts from evaluating technical bids submitted by companies to bag contracts for public works.

Tags : RBI, Bonds

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SC: Bar U/s 9(3) Arbitration Act Not Applicable Before Constitution of Arbitration Tribunal(15.09.2021)

Supreme Court has observed that the bar under Section 9(3) of the Arbitration and Conciliation Act, 1996 operates only when the application under Sect.....

Tags : Supreme Court, Bar U/s 9(3) Arbitration Act

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Punjab & Haryana HC: No Bar on Appointment of Former Bureaucrats as Government Arbitrator(16.11.2016)

Punjab and Haryana High Court has held that there is no bar on a former employee, consultant or adviser of a party being appointed as a mediator merel.....

Tags : Punjab and Haryana High Court, Former Bureaucrats, Government Arbitrator

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HP HC: No Application of Section 29A of A&C Act on Proceedings Commencing before 2015 Amendment Act(08.11.2024)

Himachal Pradesh High Court has affirmed that Section 29A of Arbitration and Conciliation Act, 1996 shall not apply on arbitration proceedings that co.....

Tags : Himachal Pradesh HC, 2015 Amendment Act, Arbitration Proceedings

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RBI Permits Banks to Classify Borrowed Securities as SLR(14.10.2016)

Reserve Bank of India (RBI) has allowed banks to classify government securities borrowed from central bank in the daily Liquidity Adjustment Facility .....

Tags : RBI, SLR

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Bom. HC: Scope of Examination u/s 11(6A) of A&C Act Confined to Existence of Arbitration Agreement(17.10.2024)

Bombay High Court has held that under Section 11(6A) of the Arbitration and Conciliation Act, 1996 the scope of examination is limited to existence of.....

Tags : Bombay High Court, Arbitration Agreement, Scope of Examination

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Cal. HC: Must File Application u/s 8 of A&C Act Before or Simultaneously With Written Statement(14.01.2025)

Cal. HC has held that while determining alimony the question is not what are the actual daily requirements of the wife but as to what is the perceived.....

Tags : Calcutta High Court, Written Statement, Arbitration

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SC: Arbitrator Has Discretion to Award Post-Award Interest on Part of The Sum(02.09.2022)

Supreme Court has held arbitrator has the discretion to determine the rate of reasonable interest, the sum on which the interest is to be paid, that i.....

Tags : Supreme Court, Arbitrator, Discretion

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Gauhati HC: Arbitration Can be Invoked Despite Existence of Alternative Remedy Under RERA Act(17.06.2024)

Gauhati HC has held that arbitration can be invoked to settle a real estate dispute, despite the existence of an alternative legal remedy under the Re.....

Tags : Gauhati High Court, RERA Act, Arbitration Act, Real Estate (Regulation and Development) Act

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Delhi HC: Sufficiency of Stamp Duty on Agreement Cannot be Adjudicated u/s 11 of A&C Act(14.04.2022)

Delhi High Court has observed that the Court can’t adjudicate on the issue whether the claims made by the petitioner are barred by limitation while de.....

Tags : Delhi High Court, Section 11 of the Arbitration and Conciliation Act, 1996, arbitration, limitation

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Mad. HC: If Parties are in Agreement, Formal Contract Signature by Other Party Not Necessary(31.07.2024)

Madras High Court has held that if it is proved that parties are in agreement, a formal contract signature by other party is not necessary in order to.....

Tags : Madras High Court, Arbitration Agreement, Contract Signature

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Telangana HC: Parties Cannot be Referred to Arbitration in Absence of Privity of Contract(28.04.2022)

Telangana High Court has observed that in the absence of a privity of contract parties cannot be referred to arbitration.

Tags : Telangana High Court, privity of contract, arbitration

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Delhi HC: Foreign State Cannot Claim Sovereign Immunity Against Enforcement of Arbitral Award(23.06.2021)

Delhi High Court has held that a Foreign State cannot claim sovereign immunity under Section 86 of Code of Civil Procedure, 1908 against enforcement o.....

Tags : Delhi High Court, Sovereign Immunity Against Enforcement of Arbitral Award

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RSS Ideologue Gurumurthy Slams RBI Ahead of Board Meet, Asks Why Bad Loans Policy Changed After 2014(16.11.2018)

Delivering a lecture on the state of the economy, Gurumurthy backed the government’s stance on issues like easing credit rules for state-run banks a.....

Tags : RBI

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Supreme Court: Arbitral Award on the Issue of Limitation is an ‘Interim Award’(24.01.2018)

Supreme Court has held that an award delivered by an arbitrator, which decides the issue of limitation, is an interim award, that can be challenged se.....

Tags : Supreme Court, Arbitration

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RBI Keeps Repo Rate Unchanged at 6%(05.04.2018)

RBI has maintained status quo on the short-term lending rate, repo rate, at 6 per cent, in its first bi-monthly policy review of 2018-19. Reverse repo.....

Tags : RBI, Repo Rate

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SC: Court While Considering Application for Appointment of Arbitrator Can’t Go into Merits of Claim(25.11.2022)

Supreme Court has held that while considering an application seeking appointment of arbitration, the Court cannot go into question of novation of cont.....

Tags : Supreme Court, Novation, Arbitrator

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SC: HC Should Be Extremely Circumspect in Interfering With Orders Passed Under Arbitration Act(09.04.2021)

Supreme Court has reiterated that a High Court while exercising jurisdiction under Article 226 and 227 of the Constitution of India, 1949 should be ex.....

Tags : Supreme Court, Interfering With Orders Passed Under Arbitration Act

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Bombay High Court: Arbitrators Must List No of Cases They Have(30.05.2019)

Bombay High Court has observed that companies or their advocates often appoint the same advocate in hundreds, even thousands of disputes as their arbi.....

Tags : Bombay High Court, Arbitrators

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Del. HC: Can’t Consider Participation in Arbitration Proceedings as Waiver of S. 12(5) A&C Act(09.01.2023)

Delhi High Court has held that applicability of Section 12(5) of Arbitration and Conciliation Act can only be waived off by an express agreement and n.....

Tags : Delhi High Court, Arbitration, Express Agreement, Waive

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RBI Committee suggests Way Forward for UCBs(20.08.2015)

The Reserve Bank of India released the 'Report of the High Powered Committee on Urban Co-operative Banks'. Recommendations in the Report focus on busi.....

Tags : Rbi, urban co-operative, bank, report

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Cal. HC: To Prevent Arbitral Awards from Becoming Meaningless They Should be Made Real(19.04.2024)

Calcutta High Court while hearing an application under Section 9 of the Arbitration and Conciliation Act, 1996, has held that serious attempts must be.....

Tags : Calcutta High Court, S.9 of A&C Act, Arbitral Awards

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Supreme Court Says 'No' to Insolvency During Pendency of Proceedings Challenging Arbitral Award(21.08.2018)

Supreme Court has held that an insolvency process cannot be put into operation when there is a pending proceeding challenging the arbitral award.

Tags : Supreme Court, Insolvency, Arbitration

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Gujarat HC: Dispute Involving Interpretation of Policy Guidelines Can Be Referred to Arbitrator(08.04.2022)

Gujarat High Court has observed that petition for referring to arbitration cannot be disallowed on the ground that the dispute involves interpretation.....

Tags : Gujarat High Court, arbitration, policy guidelines, dispute

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Delhi HC: Right of Party to File Counter Claims Exists Independently of Any Liberty(22.04.2022)

Delhi High Court has held that any issue on which the Arbitral Tribunal has the jurisdiction to pass a final award can also be the subject matter of a.....

Tags : Delhi High Court, Arbitral Tribunal, Section 34 of the Arbitration and Conciliation Act

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Unsigned Arbitration Agreement Not Invalid in All Cases:Supreme Court(05.11.2018)

Supreme Court has held that the only prerequisite for an arbitration agreement is that it should be in writing and it cannot be said that in all cases.....

Tags : Supreme Court, Arbitration Agreement

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Foreign Direct Investment - Reporting under FDI Scheme on the e-Biz platform(21.08.2015)

The Reserve Bank of India enabled online filing of the 'Foreign Currency Transfer of Shares' returns for reporting transfer of shares, convertible deb.....

Tags : Rbi, fema, return, online filing, return

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RBI Grade B Result 2018 After Re-exam for Kerala Candidates, Check Notification here(24.08.2018)

RBI Grade B Result 2018 for Prelims is expected to be delayed as the Reserve Bank of India has decided to organize Re-Exam for candidates of the state.....

Tags : RBI

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Bombay HC: Court Does Not Have Adjudicatory Powers Under Section 27 of A&C Act(12.04.2022)

Bombay High Court has observed that the Court under Section 27 of the Arbitration and Conciliation Act, 1996 does not have the jurisdiction to conside.....

Tags : Bombay High Court, Section 27 of the Arbitration and Conciliation Act, 1996, arbitral tribunal

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Tel. HC: Existence & Validity of Arb. Agreement Must be Determined u/s 11(6) of A&C Act by Court(24.06.2024)

Telangana High Court has observed that the Court while exercising the jurisdiction under Section 11(6) of the Arbitration and Conciliation Act, 1996 h.....

Tags : Telangana High Court, Arbitration Agreement, S. 11(6) of A&C Act

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Apex Court: Application under Section 11 of Arbitration Act to Appoint Arbitrator Not Valid(28.08.2019)

Apex Court has ruled that an application under Section 11 of the Arbitration and Conciliation Act, 1996/Arbitration Act for appointment of an arbitrat.....

Tags : Apex Court, Arbitrator

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Delhi HC Restrains Vodafone From Seeking Arbitration in Rs 20,000-Crore Tax Dispute Case(23.08.2017)

Delhi High Court has “restrained” Vodafone from going ahead with its arbitration proceedings against India under a treaty with the UK, in the Rs 20,00.....

Tags : Delhi HC, Vodafone, Arbitration

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SC: Can’t Consider Dissenting Opinion as Award in Case Majority Award is Set Aside(25.08.2023)

Supreme Court has held that a dissenting opinion can’t be treated as an award if majority award is set aside, and observed that when a majority award .....

Tags : Supreme Court, Arbitration, Award, Dissenting Opinion

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Govt vs RBI: Easing Lending Curbs for Banks Under Prompt Corrective Action May Bring More Pain(27.11.2018)

The recent tug of war is over the government’s contention that easing lending restrictions on some of these banks will help ease systemic liquidity .....

Tags : RBI

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Delhi HC Delineates Circumstances to Invoke Group of Companies Doctrine(11.10.2022)

Delhi High Court has held each Company is a separate legal entity, hence, an agreement entered into by one of the Companies in a group, cannot be bind.....

Tags : Delhi High Court, Group of Company, Arbitration Agreement

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Will Take Appropriate Supervisory Action in Rs 11,000 Crore PNB Scam, Says RBI(16.02.2018)

The RBI denied media reports that it had directed Punjab National Bank to meet its commitments under the letters of undertaking (LoUs) to other banks.

Tags : RBI

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Delhi HC: Can’t Reject Plaint Due to Arbitration Clause Unless Application u/s 8 is Filed(30.06.2025)

Delhi High Court has held that Courts cannot reject plaint under Order VII Rule 11(d) of the Civil Procedure Code, 1908 due to existence of an arbitra.....

Tags : Delhi High Court, Arbitration Clause, Section 8

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Govt 'Very Upset' With RBI for Making Rift Public, Holds Urjit Patel Responsible for Controversy(30.10.2018)

Government officials believe that RBI Governor Urjit Patel has some responsibility for the controversy, and he cannot expect an extension of his curre.....

Tags : RBI

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NCDRC: Presence of Arbitration Clause in Agreement Doesn’t Bar Jurisdiction of Consumer Forum(05.05.2023)

National Consumer Dispute Redressal Commission (NCDRC) has held that consumer court retains the power to handle complaints, even if there is an arbitr.....

Tags : National Consumer Dispute Redressal Commission, Arbitration Clause, Consumer

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Delhi HC: Weak Financial Condition of Party Cannot be Sole Ground to Deposit Security/Bank Guarantee(09.05.2022)

Delhi High Court has ruled that the weak financial condition of a party cannot be the only ground to direct the party to deposit a security or bank gu.....

Tags : Delhi High Court, bank guarantee, arbitration

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Delhi HC Asks to Seek Instructions on Plea Against Alleged Exorbitant Pricing of Covid-19 Vaccine(17.08.2021)

Delhi High Court has asked the Central Government counsel to seek instructions on a PIL seeking reduction in the price of COVID-19 vaccines in India.

Tags : Delhi High Court, Exorbitant Pricing of Covid-19 Vaccine

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Delhi HC Interprets Amended Provisions of Arbitration Act(09.01.2017)

Delhi High Court has said that changes made in 2015 to Arbitration Act, under which there is no automatic stay on an award being challenged, would not.....

Tags : Delhi High Court , Arbitration Act, amendment

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Delhi HC: Plaintiff Not Entitled to Refund of Court Fees when Parties Referred to Arbitration(27.05.2022)

Delhi High Court has held that the plaintiff is not entitled to refund of court Fees when the parties are referred to arbitration under Section 8 of t.....

Tags : Delhi High Court, Court fees, Arbitration

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RBI appoints Smt. Surekha Marandi as New ED(03.01.2017)

The Reserve Bank of India has appointed Smt. Surekha Marandi as Executive Director (ED) consequent upon superannuation of Shri U.S. Paliwal who retire.....

Tags : Appointment, Executive Director, RBI

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J&K HC: Mere Filing of WS doesn’t Constitute Waiver of Right to Arbitration(18.03.2025)

Jammu and Kashmir High Court has held that if a party has raised a preliminary objection in respect of the arbitration clause at the outset then the m.....

Tags : J&K High Court, Right to Arbitration, Written Statement

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Lok Sabha Passes Arbitration & Conciliation (Amendment) Bill, 2021(15.02.2021)

Lok Sabha has passed the Arbitration and Conciliation (Amendment) Bill, 2021 by voice vote. The Bill seeks to amend the Arbitration and Conciliation A.....

Tags : Lok Sabha, Arbitration & Conciliation (Amendment) Bill, 2021

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SC: Joint and Several Liability Undertaken in Oral Contract Falls under Arbitration Clause(11.02.2025)

Supreme Court while affirming an arbitral award against a husband, has held that an undertaking of joint and several liability in an oral contract fal.....

Tags : Supreme Court, Arbitration Clause, Oral Contract

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Delhi High Court: Not Compulsory to Use the Word ‘Seat’ in an Arbitration Clause(11.04.2024)

Delhi High Court has held that to determine the jurisdiction of the Court having jurisdiction over the proceedings arising out of the arbitration agre.....

Tags : Delhi High Court, Arbitration Clause, Arbitration Agreement

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Supreme Court Dismisses Govt.'s Allegation Over RIL Arbitration(23.09.2015)

SC has dismissed Govt.'s allegation of biasness against an arbitrator in an ongoing arbitration to resolve a row with Reliance Industries over Panna-M.....

Tags : SC ,RIL Arbitration ,Panna-Mukta oilfields

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Delhi HC: Rules of Arbitral Institution Do Not Determine Place of Arbitration(06.04.2022)

Delhi High Court has observed that the arbitral institution’s rules would not determine the place of the arbitration and only the Courts at the place .....

Tags : Delhi High Court, arbitration, arbitration proceedings, appointment of an arbitrator

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Bombay HC: Court Lacking Jurisdiction to Cannot Appoint Arbitrator, No Objection by Opposite Party(20.04.2022)

Bombay High Court has held that a Court cannot appoint an Arbitrator when the only proceeding before it is an application for grant of interim measure.....

Tags : Bombay High Court, Appointment of Arbitrator

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News18 Daybreak | RBI Governor Served Notice, Security Beefed Up at Sabarimala , And Other Stories You May Have Missed(05.11.2018)

Get a fresh dose of the news that matters delivered directly to your inbox, every morning. The perfect way to get you started and informed for the day.....

Tags : RBI

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SC: Arbitral Award Suffers from Patent Illegality if Illegality is Apparent on the Face of it(11.05.2023)

Supreme Court has held that an arbitral award could be said to be suffering from “patent illegality” only if it is an illegality apparent on the face .....

Tags : Supreme Court, Award, Illegality, Arbitration

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Calcutta HC: Order U/S 36 of A&C Act is Interim Order, Can be Modified on Basis of Financial Hardship(10.05.2022)

Calcutta High Court has held that financial hardship and financial indebtedness are sufficient grounds to modify an order passed under Section 36 of t.....

Tags : Calcutta High Court, Arbitration and Conciliation Act, 1996, Section 36, financial hardship, financial indebtedness

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Kerala HC: Neither Party Nor Person Nominated by It Can be Arbitrator(20.08.2021)

Kerala High Court has held that neither a party to an Arbitration Agreement nor a person nominated by it can be nominated an arbitrator, even if the a.....

Tags : Kerala High Court, Arbitrator

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BJP Leader Ridicules RBI Boss Over Qualifications, Prays He Won't Make Central Bank Itself 'History'(13.12.2018)

Das has also been the target of ridicule on social media over his educational qualifications vis-a-vis his predecessors Patel and Raghuram Rajan who h.....

Tags : RBI

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Delhi HC: Party Cannot Dispute Jurisdiction on Account of Non-Existence of Arbitration Agreement(30.05.2022)

Delhi High Court has held that a party cannot dispute the jurisdiction on account of non-existence of the arbitration agreement

Tags : Delhi High Court, arbitrator, jurisdiction

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Bombay High Court to RBI: State in 2 Weeks why you Keep Changing Features of Notes and Coins(23.08.2019)

Bombay High Court has lambasted the Reserve Bank of India (RBI) for not responding to the question why it frequently changed the size of currency note.....

Tags : Bombay High Court, RBI

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RBI to issue of Rs. 100 banknotes with inset letter 'L'(20.04.2016)

The Reserve Bank of India continued its trend of “ascending size of numerals” on bank notes with changes to Rs. 100 currency notes. The notes will be .....

Tags : rbi, banknotes, 100

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Bombay HC Seeks RBI’s Reply over Plea Highlighting Difficulty in Identifying Notes by Blinds(07.12.2016)

Bombay High Court has sought a reply from Reserve Bank of India within six weeks to a plea highlighting difficulty faced by blind persons in identifyi.....

Tags : Bombay HC, RBI, currency notes, coins, blind persons

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Del HC: Counter-Balancing Not Achieved Where Majority of Tribunal Members Appointed By One Party(12.07.2023)

Delhi High Court has held that where a party is required to appoint an arbitrator from a panel made by the other contracting parties, it is mandatory .....

Tags : Delhi High Court, Tribunal Members, Arbitration

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Repo rate cut by 50 basis points to 6.75 per cent(29.09.2015)

The Reserve Bank of India lowered the rate at which it lends money to banks by 50 basis points, from 7.25 per cent to 6.75 per cent. However, no chang.....

Tags : Rbi, repo, rate, cut

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Delhi High Court: Arbitral Award Set Aside Due to Failure of Arbitrator to Disclose Conflict(10.10.2024)

Delhi High Court while setting aside the arbitral award due to failure on part of arbitrator to disclose conflict, has held that the duty of arbitrato.....

Tags : Delhi High Court, Arbitral Award, Disclosure

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SC: High Court’s interference in Arbitral Proceedings Permissible Only if Order Perverse(06.01.2025)

Supreme Court has stated that High Court’s interference in Arbitral Proceedings in exercise of its Writ Jurisdiction under Article 226 or 227 of Const.....

Tags : Supreme Court, Arbitral Proceedings, Writ Jurisdiction

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Dispute arising under the lease being governed under Transfer of Property Act are arbitrable(18.12.2020)

The Petitioner has instituted present petition under Section 11(5) of the Arbitration and Conciliation Act, 1996 seeking appointment of a Sole Arbitra.....

Tags : Arbitration Clause, Appointment, Arbitrator

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After Low Turnout at Previous Lectures, CVC Makes Attendance Compulsory for RBI Governor's Talk(19.09.2018)

The lecture is part of a monthly series, initiated after K V Chowdary took over as the Central Vigilance Commissioner in June, 2015.

Tags : RBI

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'No Need for Knee-Jerk Reaction': Arun Jaitley Blames 'Global Reasons' for Rupee's Steep Fall(06.09.2018)

The rupee's unabated fall continued for the sixth day on Wednesday as it hit yet another closing low of 71.75 against the US dollar, forcing the RBI t.....

Tags : RBI

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SC: Minimal Interference by Courts in Terms of Section 48 of Arbitration & Conciliation Act, 1996(14.02.2020)

Supreme Court has held that while considering grounds for setting aside a foreign award, Court must warrant minimal interference. The Court has emphas.....

Tags : Supreme Court, Interference by Courts, Arbitration

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CIC Refuses To Direct RBI To Disclose Defaulters And NPAs List, Says Matter Sub Judice Before SC(24.05.2017)

Central Information Commission has refused to direct RBI to disclose list of defaulters and non-performing assets, in view of a similar issue being un.....

Tags : Supreme Court, RBI

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RBI releases a Comprehensive Guide for Current Statistics section of the RBI Monthly Bulletin(20.06.2017)

The Reserve Bank of India today, released a Comprehensive Guide for Current Statistics of the RBI Monthly Bulletin. The Current Statistics portion of .....

Tags : RBI, Comprehensive Guide, Current Statistics

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Guidelines for Relief Measures by Banks in Areas Affected by Natural Calamities(21.08.2015)

The Reserve Bank of India released guidelines based on a Central government notification reducing the criteria of crop loss from 50 per cent to 33 per.....

Tags : Rbi, relief, farmers, loan, reschedule, crops

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RBI to Conduct Exam for Applicants Who Failed to Appear Due to Kerala Floods(24.08.2018)

Those who have already appeared for the exam will however not be allowed to take it again, RBI said.

Tags : RBI

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Bombay HC: Petitions on Ground of Exceptional Circumstances by Arbitral Tribunal Not Maintainable(11.04.2022)

Bombay High Court has held that remedy under Section 16 of the Arbitration and Conciliation Act, 1996 lies elsewhere and the petitioners cannot file W.....

Tags : Bombay High Court, Arbitration and Conciliation Act, 1996, Article 226, Article 227, Constitution of India, exceptional circumstances

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Del. HC: Mandate of Arbitral Tribunal Can be Extended by Court, Even After its Expiry(24.06.2024)

Delhi High Court has held that the court is fully empowered to extend the mandate, even after the expiry of the mandate of the tribunal under Section .....

Tags : Delhi High Court, Arbitral Tribunal, S. 29A(4) of A&C Act

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Govt Denies Seeking Rs 3.6 Lakh Crore from RBI, Chidambaram Questions Intent Behind 'Jargon'(09.11.2018)

"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to tra.....

Tags : RBI

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SC: Parties Challenging Arbitral Award after Limitation Period Can’t Seek Benefit u/s 4 of Limitation(11.07.2024)

Supreme Court has restated that a party challenging an arbitral award beyond the limitation period of three months by using 30 day extension period gi.....

Tags : Supreme Court, Limitation Period, Arbitral Award

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Bombay HC: Can’t Refuse Referral of Dispute to Arbitration on Basis of Allegations of Fraud Simplicit(21.04.2025)

Bombay High Court has held that merely on the basis of allegations of fraud simpliciter, dispute cannot be refused referral to arbitration under Secti.....

Tags : Bombay High Court, Fraud Simpliciter, Arbitration

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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

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SC: Arbitration Reference Can be Declined if Dispute Does Not Correlate to Arbitration Agreement(23.09.2021)

Supreme Court has observed that prayer for reference to Arbitration under Section 11 of the Arbitration and Conciliation Act, 1996 can be declined if .....

Tags : Supreme Court, Arbitration Reference

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Madras HC: Writ Petition is Not Maintainable to Enforce Arbitral Award(18.04.2022)

Madras High Court has observed that a writ petition cannot be filed to enforce an arbitral award when an alternative remedy is available under section.....

Tags : Madras High Court, arbitral award, section 36 of the Arbitration and Conciliation Act, 1996

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Supreme Court: Arbitration Initiated After Imposition Of Moratorium Under IBC is Non Est in Law(03.11.2017)

Supreme Court has held that arbitration proceedings instituted after the imposition of moratorium under Section 14 of the Insolvency and Bankruptcy Co.....

Tags : Supreme Court, Insolvency, Arbitration

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SC Upholds Rejection of S. 8 Application as Reliefs Claimed Fell Outside the Arbitration Clause(03.05.2023)

SC while upholding the rejection of an application filed under Section 8 of Arbitration and Conciliation Act, 1996 observed that the cause of action o.....

Tags : Supreme Court, Arbitration, Section 8 of A&C Act

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SC Upholds Delhi HC Order Directing DMRC to Pay Arbitral Award to DAMEPL(05.05.2022)

Supreme Court has upheld a Delhi High Court order directing the Delhi Metro Rail Corporation to pay over Rs 4,600 crore of arbitral award together wit.....

Tags : Supreme Court , Rs 4,600 crore , arbitral award ,Airport Metro Express Private Limited

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Supreme Court: Party to Agreement Cannot be Arbiter in his Own Cause(13.09.2019)

Supreme Court has clarified that a party to an agreement cannot be an arbiter in his own cause. The Court observed that as long as the dispute remaine.....

Tags : Supreme Court, Arbiter

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Paytm Payments Bank Receives Final Approval From RBI(04.01.2017)

Reserve Bank of India (RBI) has given final approval to formally launch Paytm Payments Bank.

Tags : RBI, Paytm Payments Bank

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SC: ‘Sufficient Cause’ u/s 29A Should be Interpreted in Context of Facilitating Dispute Resolution(26.11.2024)

SC has stated that primary objective in rendering an arbitral award is to resolve disputes through agreed dispute resolution mechanism as contracted b.....

Tags : Supreme Court, Dispute Resolution, Arbitral Award

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Challenge Against RBI Circular By Power Companies: SC Transfers All Pending Matters To Itself(13.09.2018)

SC has directed that twelve cases pertaining to the Insolvency Proceedings under the new RBI circular pending before High Courts of Madras, Gujarat, A.....

Tags : Supreme Court, Power companies, RBI Circular

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President Promulgates Constitution of Commercial Courts , Arbitration and Conciliation Ordinanences(26.10.2015)

President has signed ordinances to amend Arbitration and Conciliation Act and bring into force Commercial Courts, Commercial Division and Commercial A.....

Tags : Arbitration and Conciliation Act, Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015

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Del. HC: Generic Exclusive Jurisdiction Clause Can be Overridden by Designated Venue of Arbitration(17.08.2023)

Delhi High Court has held that the generic exclusive jurisdiction clause can be overridden by the designated venue i.e., seat of arbitration as the ge.....

Tags : Delhi High Court, Designated Venue, Arbitration

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Delhi HC: Enquiry u/s 11 of A&C Act Limited to Existence of Arbitration Agreement(13.03.2025)

Delhi High Court while reiterating the scope of the inquiry under Section 11 of Arbitration and Conciliation Act, 1996, stated that the scope is limit.....

Tags : Delhi High Court, Arbitration, Settlement Agreement

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Monetary policy announced; RBI keeps repo rate unchanged at 4% while maintaining accommodative stance(05.02.2021)

The Reserve Bank of India (RBI) announced its monetary policy. In its first policy after the Budget 2021, Monetary Policy Committee of RBI kept its re.....

Tags : RBI, Monetary Policy

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SC: Non-Participation in Arbitral Proceedings Results in Waiver of Right to Object Jurisdiction(30.04.2020)

Supreme Court has held that non-participation in Arbitral proceedings by a party and failure to raise objections before the Arbitrator would preclude .....

Tags : Supreme Court, Non-Participation in Arbitral Proceedings

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Place of Arbitration Doesn’t Ipso Facto Assume Status of Seat: Supreme Court(25.09.2018)

Supreme Court has held that place of arbitration does not ipso facto assume the status of its seat and observed that ‘venue’ cannot be equated with th.....

Tags : Supreme Court, Arbitration

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SC: To Claim Exclusion of Period When Court Remain Closed, S.34 Appln. Must be Filed Within 90 Days(12.04.2023)

Supreme Court has observe that exclusion of period during which Court was closed from computation of limitation is available only when application und.....

Tags : Supreme Court, Arbitration, Prescribed Period, Limitation

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Delhi HC: Pendency of Insolvency Petition Is Not Bar to Appointment of Arbitrator(16.05.2022)

Delhi High Court has observed that the mere pendency of an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 is not a ba.....

Tags : Delhi High Court, Section 9, Insolvency and Bankruptcy Code, 2016, Arbitrator

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Calcutta HC: Subsequent Agreement Extending Validity Need Not Have Separate Arbitration Clause(25.04.2022)

Calcutta High Court has held that a subsequent agreement entered into between the parties need not contain a separate arbitration clause if it is made.....

Tags : Calcutta High Court, Subsequent Agreement, Arbitration Clause

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RBI announces Marginal Cost of Funds Methodology for Interest Rate on Advances(17.12.2015)

The Reserve Bank of India has released final g.....

Tags : Interest rates, marginal cost, rbi

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No permission to foreign law firms to open Liaison Office(29.10.2015)

The Reserve Bank of India has notified, in compliance with Supreme Court of India directions that foreign law firms are not allowed to open Liaison Of.....

Tags : Foreign law firm, liaison, office, rbi

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Delhi HC: Can Pass Attachment Order Before Award by Arbitral Tribunal if Circumstances Warrant So(17.04.2023)

Delhi High Court while observing that attachment order can be passed before an award is rendered by Arbitral Tribunal if circumstances so warrant, has.....

Tags : Delhi High Court, Arbitral Tribunal, Attachment Order

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Calcutta HC: No Direction Can Be Passed to Sell Property to Third Party in Section 9 of The A&C Act(20.05.2022)

Calcutta High Court held that no direction can be passed to sell property to third party in Section 9 of the A&C Act. It was held that, to sell the su.....

Tags : Calcutta High Court, Arbitration and Conciliation, Section 9, Property

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RBI Leaves Repo Rate Unchanged; Cuts GVA Growth Estimate to 6.7%(05.10.2017)

The six-member Monetary Policy Committee of Reserve Bank of India, headed by Governor Urjit Patel has left the short-term lending rate, also known as .....

Tags : RBI, Repo Rate

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SC: Order Passed Under Public Premises Act Doesn’t Bar Invocation of Arbitration Clause(23.10.2024)

SC has observed that if an arbitration clause is invoked by filing an application under Section 11(6) of the Arbitration & Conciliation Act, 1996 then.....

Tags : Supreme Court, Arbitration Clause, Public Premises

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NGT Orders Formation of a 3-Member Panel to Frame Anti-Pollution Rules in Ceramic Industries(05.10.2015)

National Green Tribunal (NGT) has ordered formation of a 3-member committee to frame guidelines to control pollution levels in ceramic industries at M.....

Tags : National Green Tribunal , Morbi cluster

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RBI Sets 24-hr Deadline to Bring Back Payment Data Processed Abroad(27.06.2019)

Reserve Bank of India (RBI) has observed that all payments-related data has to be stored within India and in cases where data gets processed abroad, i.....

Tags : RBI, Payment Data

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Del. HC: Independent Assessment of Award in Appeal u/s 37 of A&C Act Cannot be Undertaken by Courts(24.07.2024)

Delhi High Court has restated that the role of a court while entertaining an arbitration appeal under Section 37 of the Arbitration and Conciliation A.....

Tags : Delhi High Court, Arbitration Appeal, Independent Assessment

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Delhi HC: MoU Arising Out of Agreement Containing Arbitration Clause Can Referred to Arbitration(06.06.2022)

Delhi High Court has held that where a MoU has been signed by the parties under an agreement, arbitration can be sought for breach of the terms of the.....

Tags : Delhi High Court, MoU, Arbitration

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RBI seeks feedback on Draft Framework on External Commercial Borrowings(23.09.2015)

The Reserve Bank of India introduced the draft framework on External Commercial Borrowings for comments and feedback. The same may be sent by e-mail o.....

Tags : Rbi, external, commercial, borrowings

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Del. HC: Arbitral Tribunal Should Not Insist on Production of Document Classified as ‘Top Secret’(26.09.2024)

Del. HC has stated that if any information is stated to be protected and classified as ‘Top Secret’ under the Official Secrets Act, 1923 by Government.....

Tags : Delhi High Court, Arbitral Tribunal, Top Secret

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Bom. HC: Termination of Contract without Giving Reasons is Arbitrary and Unreasonable(27.02.2025)

Bom. HC while setting aside a notice issued by the Mumbai Metropolitan Region Development Authority (MMRDA) terminating a tender contract for appointm.....

Tags : Bombay High Court, Termination of Contract, Arbitrary

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Delhi High Court: Scope of Interference with International Commercial Arbitration is Limited(20.01.2020)

Delhi High Court has dismissed a German manufacturer's claim for damages against Bharat Heavy Electricals Limited, India. The Court observed that the .....

Tags : Delhi High Court, International Commercial Arbitration

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Supreme Court: Appellate Courts Must Limit Interference in Arbitral Awards(29.01.2025)

Supreme Court has observed that Appellate Courts must limit their interference in arbitral awards and it should be done only in cases of perversity, v.....

Tags : Supreme Court, Appellate Courts, Arbitral Awards

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RBI rationalises FEMA Regulations(04.02.2016)

The Reserve Bank of India revised nine regulations issued under the Foreign Exchange Management Act, 1999. For easy identification, revised regulation.....

Tags : Rbi, fema, regulations, revised

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SC: Award Shall Not be held Invalid Merely Because it Doesn’t Measure Up in Quality to Legal Mind(25.09.2023)

Supreme Court while observing that an award which doesn’t measure up in quality to a legal mind wouldn’t be held to be invalid on this score, has held.....

Tags : Supreme Court, Arbitrator, Approach, Equity

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Delhi HC: Not Necessary to Go Into Merits of Claim/ Counter-Claim for Appointment of Arbitrator(02.05.2022)

Delhi High Court has ruled that in a petition under Section 11 of the Arbitration & Conciliation Act, 1996 for appointment of arbitrator, it is not ne.....

Tags : Delhi High Court, Section 11, Arbitration & Conciliation Act, 1996, counter claim

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House Panel May Question RBI Governor Urjit Patel on Stand-off With Govt: Sources(16.11.2018)

Tensions between the central bank and the government have escalated recently, with the Finance Ministry initiating discussions under the never-used-be.....

Tags : RBI

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Crypto-currency, Bitcoins Aren't Valid Currency or Money Under Existing Laws: RBI Tells SC(14.09.2018)

The affidavit field in Supreme Court said that the Reserve Bank of India (RBI) has the authority to notify instruments as valid currency but it should.....

Tags : Court, RBI, Supreme Court

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RBI signs MoU on "Supervisory Cooperation and Exchange of Supervisory Information" with the Central Bank of UAE(19.10.2015)

Reserve Bank of India signed a Memorandum of Understanding with the Central Bank of UAE. The agreement is hoped to increase supervisory co-operation b.....

Tags : Rbi, central bank, uae, cooperation

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Once an application under Section 8 of Arbitration and Conciliation Act, 1996 has been filed, Civil Court has no jurisdiction to continue with the suit(28.12.2017)

Plaintiff has filed a suit for recovery of Rs. 2,31,34,553/- for payment made to Defendant in pursuance to the Commercial Buyers Agreement (Buyer's Ag.....

Tags : Dispute, Arbitrator, Reference

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Lok Sabha Passes Arbitration and Conciliation (Amendment) Bill, 2021(12.02.2021)

Lok Sabha Passes Arbitration and Conciliation (Amendment) Bill, 2021 repealing the Arbitration and Conciliation (Amendment) Ordinance, 2020 promulgate.....

Tags : Arbitration Act, Amendment

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Rajasthan HC: Arbitral Award Beyond Express Terms of Contract is Patently Illegal(02.06.2025)

Rajasthan High Court has held that an arbitral award granting relief beyond the express terms of the contract is patently illegal and is liable to be .....

Tags : Rajasthan High Court, Arbitral Award, Section 37

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SC: Arbitral Tribunal Has Discretion to Include in Sum Awarded, Interest at Rate as it Deems Reasonab(19.05.2025)

SC has observed that arbitral tribunal has discretion to include in the sum awarded, interest at such rate as it deems reasonable on the whole or any .....

Tags : Supreme Court, Arbitral Tribunal, Section 31(7)(a)

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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

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Delhi HC: Payment Aggregators Fall Within Definition of Payment System(19.09.2022)

Delhi High Court has held that payment aggregators fall within the definition of designated payment system under Section 23A of the Payment and Settle.....

Tags : Delhi High Court, Payment System, RBI

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RBI grants "in-principle" approval to 11 Applicants for Payments Banks(19.08.2015)

The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....

Tags : Rbi, payments banks, approved, guidelines

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Allahabad HC: In Execution Proceedings, Challenge Cannot be Made to Arbitral Award u/s 47 of CPC(18.04.2024)

All. HC has held that in execution proceedings under Section 36 of Arbitration and Conciliation Act, 1996, questions to be decided are limited to matt.....

Tags : Allahabad High Court, Execution Proceedings, Arbitral Award, Section 47

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Oral Evidence in Application to Set Aside Arbitral Award Shouldn’t be Allowed: Supreme Court(21.08.2018)

Supreme Court has held that an application for setting aside an arbitral award will not ordinarily require anything beyond the record that was before .....

Tags : Supreme Court, Arbitration Award

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Delhi HC: Filing Complaint with Unrelated Government Office Does Not Constitute Notice(07.04.2022)

Delhi High Court has observed that mere filing of a complaint with an unrelated government office expressing one's grievance does not constitute a not.....

Tags : Delhi High Court, Section 21 of the Arbitration and Conciliation Act, 1996, government office

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Madras HC: Manifest Intention to Arbitrate is Sine Qua Non for Filing Application Under S.9(22.04.2022)

Madras High Court has ruled that manifest intention to arbitrate is a sine qua non for filing an application under Section 9 of the Arbitration & Conc.....

Tags : Madras High Court, Section 9 of the Arbitration & Conciliation Act, 1996, sine qua non, arbitration

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Unsigned Arbitration Agreement Not Invalid in All Cases: Supreme Court(05.11.2018)

Supreme Court has held that the only prerequisite for an arbitration agreement is that it should be in writing and it cannot be said that in all cases.....

Tags : Supreme Court, Unsigned Arbitration Agreement

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Bank of China Will Now Have Offices in India, RBI Issues Licence(04.07.2018)

The decision to allow Bank of China to start operations was reached at a meeting between Chinese President Xi Jinping and Prime Minister Narendra Modi.....

Tags : RBI

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SC Directs RBI to Disclose Information on Bank Inspection Report Under RTI(26.04.2019)

Supreme Court has directed Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to .....

Tags : Supreme Court, Supreme Court, RBI

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RBI: Allow Mobile Registration from Any Bank’s ATM(31.08.2016)

Reserve Bank of India (RBI) has made it mandatory for banks to allow customers to register their mobile numbers through any ATM.

Tags : RBI, ATM

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SC: Arbitration Award Fixing Price of Land Can't be Executed Like a Decree(27.04.2020)

Supreme Court has held that an arbitration award fixing the price of the land cannot be executed like a decree for specific performance of sale agreem.....

Tags : Supreme Court, Arbitration Award Fixing Price of Land

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Delhi HC: Claims Raised Before Arbitral Tribunal Cannot be Rejected if Not Mentioned in Notice(13.04.2022)

Delhi High Court has held that it is not necessary that a notice issued under Section 21 of the Arbitration and Conciliation Act, 1996 should quantify.....

Tags : Delhi High Court, Section 21 of the Arbitration and Conciliation Act, 1996, Arbitral Tribunal

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SC Lays Down Tests to Determine 'Fraud Exception' to Arbitrability of Disputes(21.08.2020)

Supreme Court has laid down the tests to determine "serious allegations of fraud" exemption to arbitrability of disputes.

Tags : Supreme Court, Arbitrability of Disputes

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Bombay HC Rejects PIL against Ban on Clicking Pictures of RBI HQ(28.06.2016)

Bombay HC has rejected a public interest litigation which said Reserve Bank of India cannot prohibit the general public from taking pictures of its He.....

Tags : Bombay HC, RBI HQ

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SC: Dispute regarding Discharge of Contract is Arbitrable as per Arbitration Agreement(22.07.2024)

SC has observed that once contract has been discharged by performance, no right to seek performance, or to perform any obligation remains under it but.....

Tags : Supreme Court, Arbitration Agreement, Discharge of Contract

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SC Disapproves Practice of Filing Applications in Disposed Of SLPs to Side-Step Arbitration Process(21.04.2023)

Supreme Court while expressing disapproval of practice of filing applications in disposed of SLPs in order to side-step the arbitration process, has o.....

Tags : Supreme Court, Applications, SLPs, Arbitration Process

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Jharkhand HC: Registrar of Jharkhand Cooperative Society Not Barred to Act as Arbitrator(23.05.2022)

Jharkhand High Court has held that appointment of arbitrator who is the Registrar of the Jharkhand Cooperative Society, and also The Ex-Officio Direct.....

Tags : Jharkhand High Court, Registrar, Arbitration, Impartiality

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Gujarat HC: Relief Can't be Granted as it Amount to Main Relief in Section 9 Arbitration Application(26.04.2022)

Gujarat High Court has held that once an application under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim measures has been d.....

Tags : Gujarat High Court, Section 9, Arbitration and Conciliation Act, 1996

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No Single Arbitration Reference For Disputes Arising Out Of Different Agreements :SC(16.10.2017)

Supreme Court has held that there cannot be a single arbitration reference for disputes arising out of different agreements, even if they are inter-li.....

Tags : Supreme Court, Arbitration

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Madras HC Seeks RBI’s Reply over Cash Crunch Situation Following Demonetization(17.11.2016)

Madras High Court sought to know from RBI when new Rs 500 notes would be made available in Tamil Nadu to ease present cash crunch situation following .....

Tags : Madras High Court, RBI , demonetization

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Sikkim HC: If Underlying Contract is Invalid, Arb. Agreement Allows Tribunal to Assume Jurisdiction(15.11.2024)

Sikkim HC has noted that the validity of an arbitration agreement, in the face of the invalidity of the underlying contract, allows the Arbitral Tribu.....

Tags : Sikkim High Court, Arbitration Agreement, Arbitral Tribunal

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Cal HC: Unilateral Appointment Renders Arbitrator Ineligible Even Without Further Allegation of Bias(10.07.2024)

Calcutta High Court has held that even a unilateral appointment of an Arbitrator, without any further allegation of bias, renders the Arbitrator ineli.....

Tags : Calcutta High Court, Unilateral Appointment, Arbitrator

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Del HC: Invoices Having Arbi. Clauses that Show Mutual Acceptance Can be Inferred as Arbi. Agreement(15.07.2024)

Delhi High Court has held that an arbitration agreement may be inferred directly from the invoices on which actions of the parties are based and which.....

Tags : Delhi High Court, Arbitration Agreement, Mutual Acceptance

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Del. HC: Arbitral Award Passed After Inordinate/Unexplained Delay is Contrary to Justice(22.05.2023)

Delhi High Court has held that an arbitral award passed after an inordinate, substantial and unexplained delay is contrary to justice and in conflict .....

Tags : Delhi High Court, Arbitral Award, Unexplained Delay, Justice

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RBI Governor Shaktikanta Das 'Highly Corrupt', Alleges Subramanian Swamy(23.12.2018)

Das, who spearheaded the post-demonetisation normalisation of the economy, was named the new RBI governor on December 11, a day after incumbent Urjit .....

Tags : RBI

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RBI Reconstructs JLF Mechanism to Deal with NPAs(25.09.2015)

RBI has reconstructed Joint Lenders’ Forum (JLF) norms to ensure mandatory presence of representatives of two systematically important banks: SBI and .....

Tags : RBI , JLF

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Cal. HC: Optional Clause for Arbitration is Not an Arbitration Agreement(12.06.2023)

Calcutta High Court has held that clause which provides for resolution of dispute either by way of litigation or arbitration cannot be held to be a bi.....

Tags : Calcutta High Court, Arbitration Agreement, Optional

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Telangana HC: Application U/S 9 of A&C Act Shall Lie Before Commercial Court if Value More Than 1 Cr(17.06.2022)

Telangana High Court has held that if a dispute under Commercial Courts Act is the subject matter of a domestic arbitration whose value is more than R.....

Tags : Telangana High Court, Commercial Dispute, Arbitration

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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

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Supreme Court: Place of Exclusive Jurisdiction Deemed as 'Seat' of Arbitration(14.08.2025)

SC has held that in absence of designated seat, place of exclusive jurisdiction in contract is deemed arbitration seat.

Tags : Supreme Court, arbitration, exclusive jurisdiction, seat of arbitration, Bombay High Court

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Del HC Dismisses Petition Challenging RBI Notification Withdrawing Rs. 2000 Note from Circulation(03.07.2023)

Delhi High Court has dismissed the PIL moved by advocate Rajneesh Bhaskar Gupta that challenged RBI’s decision to withdraw Rs. 2,000 notes from circul.....

Tags : Delhi High Court, RBI, Withdrawal

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Delhi HC: Stamp Duty Insufficiency on Arbitration Agreement is Jurisdictional Issue U/S 16 A&C Act(26.04.2022)

Delhi High Court has ruled that the sufficiency of the stamp duty on the arbitration agreement is a jurisdictional issue under Section 16 of the Arbit.....

Tags : Delhi High Court, stamp duty, arbitration agreement, Section 16, Arbitration and Conciliation Act, 1996

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Orbit Buyers Can’t Name Bank in Plea: Bombay High Court(29.10.2018)

Bombay High Court, in a setback to individuals who had purchased flats in the 32-storey ultra-luxury residential tower Orbit Haven at Nepean Sea Road .....

Tags : Bombay High Court, Orbit Buyers

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FEMA Norms Eased to Spur Investment from Fverseas(10.11.2017)

Reserve Bank of India (RBI) has simplified Foreign Exchange Management Regulations, by putting all the 93 amendments under one notification, a move th.....

Tags : FEMA, RBI

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MP HC: Can Set Aside Award u/s 34 of A&C Act if Arbitrator Travels Beyond Arbitration Agreement(18.11.2024)

MP High Court has held that while passing an award if the arbitrator travels beyond the terms of arbitration agreement then the award can be set aside.....

Tags : MP High Court, Arbitration Agreement, Section 34

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RBI's Deadline For Bankrupt Companies: Supreme Court Stays Insolvency Proceedings Against Defaulters(12.09.2018)

SC has halted insolvency proceedings against defaulters in the power, sugar, shipping and textile sectors, providing relief to borrowers hours before .....

Tags : Supreme Court, Insolvency, RBI

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Reserve Bank of India Bulletin for October, 2015(15.10.2015)

The Reserve Bank of India released its Bulletin for October, 2015. The Bulletin highlights the relatively precarious state of the global economy, with.....

Tags : Rbi, bulletin, October, 2015, consumers

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Bombay HC: Court Shall Refer Parties to Arbitration; When There Is Duality of Expert Opinion(11.05.2022)

Bombay High Court has ruled that when an allegation as to the fraud and forgery committed in the execution of the agreement is made and there is a dua.....

Tags : Bombay High Court, arbitrator, forgery

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Chhattisgarh HC: Arbitral Award Vitiated by Serious Fraud And Criminal Conspiracy Can be Set Aside(01.07.2022)

Chhattisgarh High Court has held that an arbitral award that is vitiated by fraud and criminal conspiracy would be void and can be set aside, and the .....

Tags : Chhattisgarh High Court, Arbitral Award, Alternative Remedy

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Rupee Rises by 14 Paise to 71.82 Against US dollar in Early Trade(14.12.2018)

Forex traders said strengthening of the US dollar against some currencies overseas and caution ahead of RBI central board meeting under new Governor .....

Tags : RBI

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Delhi HC: Parties Should Avoid Multiple Arbitrations on Existing Claims on Same Contract(01.06.2022)

Delhi High Court has held that multiple arbitrations with regard to existing claims on same contract has to be avoided.

Tags : Delhi High Court, Arbitration, Multiple Arbitration

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SC: Courts Cannot Modify Award Passed Under Section 34 of Arbitration Act(21.07.2021)

Supreme Court has held that Courts cannot modify an award passed under Section 34 of the Arbitration and Conciliation Act, 1996 in Project Director, N.....

Tags : Supreme Court, Modification of Arbitral Award

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New Rules For Expedited And Cost-Efficient ICC Arbitration In Operation From 1 March 2017(10.03.2017)

International Chamber of Commerce (ICC) has introduced new rules for expedited proceedings that apply to all arbitration agreements entered into from .....

Tags : International Chamber of Commerce, Arbitration

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Delhi HC: Schedule IV of Arbitration Act Not Mandatorily Applicable on International Arbitrations(02.04.2025)

Delhi High Court has observed that the IVth Schedule of the Arbitration and Conciliation Act, 1996 pertaining to fees of the arbitrator will not apply.....

Tags : Delhi High Court, IVth Schedule, International Commercial Arbitration

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Chhattisgarh HC: MSME Facilitation Council can Also Administer Arbitration(18.04.2022)

Chhattisgarh High Court has held that the bar under section 80 of the Arbitration and Conciliation Act, 1996 which prevents the conciliator acting as .....

Tags : Chhattisgarh High Court, section 80 of the Arbitration and Conciliation Act, 1996, Ministry of Micro, small & Medium Enterprises

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Delhi HC: Proof Of Injury Necessary For Awarding Damages For Loss of Profits in Arbitration(23.10.2017)

Delhi High Court has held that it is imperative for the claiming party to submit proof of injury suffered in order to successfully claim damages for l.....

Tags : Delhi High Court, Arbitration

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Delhi HC: Arbitral Tribunal Cannot Decrease Liquidated Damages on Guess Work(02.05.2022)

Delhi High Court has ruled the arbitral tribunal can’t reduce the liquidated damages on guesswork if it finds that it is genuine pre-estimated damages.....

Tags : Delhi High Court, Arbitral tribunal, liquidated damages, pre-estimated damages

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Calcutta HC: Post-Award Interest is Not Advisory but Mandate of A&C Act(04.05.2022)

Calcutta High Court has held that award of future or post-award interest is not advisory but a mandate of the Arbitration and Conciliation Act, 1996 a.....

Tags : Calcutta High Court, Arbitration and Conciliation Act, 1996, Post-award

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RBI Cancels All T-Bill Auctions(25.02.2016)

Reserve Bank of India (RBI) has cancelled Treasury Bill (T-Bill) auction aggregating Rs 14,000 crore in full.

Tags : RBI, T-Bill

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Delhi HC: Arbitral Award Passed in Disregard to Judicial Decisions Conflicts with Public Policy(24.05.2022)

Delhi High Court has held that an arbitral award that is not in consonance with the judicial decisions laid down by the courts of India would be in vi.....

Tags : Delhi High Court, Arbitral Award, Public Policy

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SC Questions RBI’s Policy to Maintain Secrecy of Defaulter's Name(25.10.2016)

Supreme Court has asked Reserve Bank of India why names of borrowers that owe more than Rs 500 crore to country’s banks shouldn't be made public.

Tags : Supreme Court, RBI, borrowers, Defaulters

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RBI Officer Grade B Phase 2 Exam Result 2018 Out at rbi.org.in, Check Now(08.10.2018)

The Reserve Bank of India (RBI) has released RBI Officer Grade B Phase 2 Exam Result 2018 on its official website – rbi.org.in.

Tags : RBI

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Del. HC: Participation in Arbitral Proc. Doesn’t Imply Acceptance of Arbitrator’s Unilateral Appoin.(24.03.2025)

Delhi High Court has held that mere participation in the arbitration proceedings cannot tantamount to acceptance of unilateral appointment of Arbitrat.....

Tags : Delhi High Court, Unilateral Appointment, Arbitration Proceedings

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RBI Grants PMC Bank Customers to Withdraw upto Rs 10,000(27.09.2019)

Reserve Bank of India (RBI) has eased the restrictions on depositors of Punjab & Maharashtra Cooperative Bank (PMC Bank), two days after it put a Rs 1.....

Tags : RBI, PMC

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Bombay HC: Court Cannot Undertake Independent Assessment of Arbitral Award U/S 37 of A&C Act(04.12.2023)

Bombay HC has held that under Section 37 of Arbitration & Conciliation Act, the challenge must be related to the impugned order passed under Section 3.....

Tags : Bombay HC, Arbitration & Conciliation Act, Section 37, Section 34

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Former Employee Not Disqualified from Acting As An Arbitrator: SC(04.01.2019)

Supreme Court has held that the Arbitration and Conciliation Act, 1996, does not disqualify a former employee from acting as an arbitrator, provided t.....

Tags : Former employee, Arbitrator

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Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment: SC(08.02.2019)

Supreme Court has reiterated that arbitrator cannot award interest on award if the agreement expressly prohibits grant of interest.

Tags : Supreme Court, Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment

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Reporting of Transactions by agency banks to RBI(30.11.2017)

It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current tra.....

Tags : RBI, Agency Banks, Transactions

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Cal. HC: Award Liable to be Set Aside When Arbitrator Fails to Disclose His Appearance for Claimant(31.07.2023)

Calcutta High Court while observing that Arbitration Act cast a continuous duty on arbitrator to remain neutral, has held that award is liable to be s.....

Tags : Calcutta High Court, Arbitration, Disclosure

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Supreme Court: Arbitration Rulings Should not be Muddled(19.12.2019)

Supreme Court has observed that arbitration awards should be intelligible, reasoned and adequate, in order to avoid wastage of time for the parties co.....

Tags : Supreme Court, Arbitration

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Delhi HC: CPC Contemplates Execution of Foreign Decree And Not an Order(21.07.2022)

Delhi High Court has held that remedy before the foreign arbitral tribunal would not be inefficacious when the bulk of the assets of a party are locat.....

Tags : Delhi High Court, Interim Order, Foreign Seated Arbitration

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Delhi HC: Subrogation Deed Doesn’t Terminate Right of Assured to Initiate Arbitration(12.07.2022)

Delhi High Court has held that arbitration can be invoked by the insured even after entering into a subrogation-cum-assignment agreement with an insur.....

Tags : Delhi High Court, Subrogation Deed, Arbitration

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Delhi HC: Arbitral Tribunal Has Power to Vacate/Modify its Earlier Order(04.08.2022)

Delhi High Court has held that arbitral tribunal does not have the power of substantive review of its order; however, it does have the power to vacate.....

Tags : Delhi High Court, Arbitral Tribunal. Vacate/Modify, Interim Order

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After Shaktikanta Das' Appointment as RBI Governor, Arvind Subramanian Reminds Autonomy is Sacred(13.12.2018)

"What is going to be key is whether this (restoring financial system agenda) is maintained going forward. That is going to be the yardstick to me.....

Tags : RBI

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SC: Presence of Arbitration Clause Won’t Override Consumer’s Choice to Move Consumer Forum(25.03.2025)

Supreme Court has observed that a consumer can approach the consumer forum even if there is existence of an arbitration clause in the agreement and a .....

Tags : Supreme Court, Arbitration Clause, Consumer Forum

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RBI Enhances PMC Bank Depositors Withdrawal Limit to Rs 25,000(04.10.2019)

Reserve Bank of India has enhanced the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank (PMC) to Rs 25,000 from .....

Tags : RBI, Withdrawal Limit

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Delhi High Court: Commercial Buyers can Seek Arbitration Even after Using Remedies under RERA(23.09.2025)

Delhi High Court held that commercial unit buyers are not barred from seeking arbitration relief after availing remedies under RERA, provided the arbi.....

Tags : Commercial Buyers, Arbitration, Remedies

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Nepal Asks RBI to Declare Banned New Indian Currency Notes Legal(06.01.2019)

The Nepal Rastra Bank (NRB) has written a letter on Friday to the Reserve Bank of India (RBI), asking it to make Indian bank bills Rs 200, Rs 500 and .....

Tags : RBI

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RBI Policy: Interest Rates Unchanged, GDP Growth Forecast Lowered(06.12.2019)

Reserve Bank of India has released its fifth bi-monthly monetary policy statement for 2019-20 in which the Monetary Policy Committee, decided to keep .....

Tags : RBI Policy, Interest Rates

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HC can Execute Foreign Arbitration Award Despite Change in Pecuniary Jurisdiction: Delhi HC(04.12.2018)

Delhi High Court has held that jurisdiction to execute foreign arbitration award continues with the high court, despite the change in pecuniary jurisd.....

Tags : Delhi High Court, Arbitration Award, Pecuniary Jurisdiction

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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

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RBI Guv Urjit Patel Appears Before Parliamentary Panel, Assures Steps to Tackle NPA Crisis(13.06.2018)

Sources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over the crisis.....

Tags : RBI

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SC: Indian Parties Can Choose a Foreign Seat for Arbitration(22.04.2021)

Supreme Court has held that parties to a contract who are Indian nationals or Companies incorporated in India can choose a forum for arbitration outsi.....

Tags : Supreme Court, Foreign Seat of Arbitration

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SC: It is Up to the Arbitral Tribunal to Adjudicate Upon Construction of Terms of Contract(10.05.2024)

SC has held that it is for Arbitral Tribunal to adjudicate upon construction of terms of a contract. If Arbitral Tribunal takes a particular view on i.....

Tags : Supreme Court, Terms of Contract, Arbitral Tribunal, Section 34 of A&C Act

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Supreme Court Explains Venue of Arbitration Along With Jurisdiction of High Court(26.07.2019)

Supreme Court has noted that when a place is agreed upon by the parties as the 'venue' of Arbitration, only the High Court having jurisdiction over th.....

Tags : Supreme Court, Arbitration

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