The 4:1 majority verdict, delivered by Chief Justice Sanjiv Khanna along with Justices BR Gavai, Sanjay Kumar, and Augustine George Masih, established that under specific circumstances, arbitral awards can be modified using provisions of the Arbitration and Conciliation Act, 1996.
India’s arbitration sector is overdue for disruption by market forces. Arbitration Council of India (ACI) should take over arbitrator appointments from courts—but only as a transitional measure. The goal is to nurture a competitive arbitration marketplace, where multiple competing platforms emerge—just like ride-hailing or food delivery services
The Indian government's decision to limit arbitration in public contracts to disputes under Rs 10 crore raises significant concerns due to its lack of empirical support. This policy shift could undermine the dispute resolution framework and negatively impact the investment climate and economic growth
ZEE in a statement to stock exchanges has refuted all claims and assertions made by Star India's claims for damages over sharing of TV broadcast rights of ICC cricket matches.
Earlier this month, it was reported that Amazon signed an agreement to acquire some assets from the Times Internet-owned streaming platform MX Player, signaling consolidation in India's increasingly competitive video streaming market.
A division bench had on May 17 asked a single judge to hear the case afresh after it turned down an order in favour on Maran
KAL Airways and Kalanithi Maran have said they will seek over Rs 1,323 crore in damages from SpiceJet and its chief, Ajay Singh
The court has not gone into the merits of the arbitral award but ruled that the single judge needs to rehear the case.
The order was passed by a bench of justices Yashwant Varma and Ravinder Dudeja against a single judge's order that had affirmed the validity of an arbitral award in Kalanithi Maran's favour
The HC also raised concerns about the arbitral clause in Google's Advertisement Terms stating that in case of a dispute , the arbitration will be held in California. The court questioned Google as to how small companies would able to avail the arbitration clause if the proceedings are to take place in California
The dispute emanated from a gas supply agreement entered into between Essar Steel Limited and IOCL in 2009, prior to Essar being taken over by Arcelor Mittal Nippon Steels almost a decade later.
The hearing was put off on the request of SpiceJet. The court, however, has insisted that chairman and managing director Ajay Singh be present on the next date of hearing
The seven-judge bench overturned a previous judgement to rule that unstamped or partially stamped arbitration agreements are enforceable by law. This decision has removed the ambiguity surrounding stamping of arbitration agreements.
On December 13, a seven-judge bench of the Supreme Court unanimously held that unstamped arbitration agreements are legally enforceable.
This is a significant decision from the apex court as it has overruled the judgment of five judge bench which had in April 2023 held that unstamped arbitration agreements were not legally enforceable.
By vesting the authority to decide on a group of companies with the arbitral tribunal, the Supreme Court has given greater powers to the process of arbitration, say experts, and also removes any confusion on who can be party to a dispute
According to the doctrine, a non-signatory to an arbitration agreement could be made party to an arbitration dispute if they are a member the group of companies.
The lawyers for both ArcelorMittal Nippon Steels and GAIL told the court that a settlement had been reached by the last week of November and the terms of the settlement have been recorded in an agreement
Maran has also rejected SpiceJet's offer to give equity shares of the company in lieu of their dues
The court held that Arcelor Mittal Nippon Steels is not entitled to mandatory interim relief of directing GAIL to supply the LNG for the month of November, 2023
SpiceJet's lawyer told the court that the success of this case is very important for the airline.
The dispute emanated from a gas supply agreement entered into between Essar Steel Limited and IOCL in 2009, prior to Essar being taken over by Arcelor Mittal Nippon Steels almost a decade later
The case, which was listed for hearing at 2:15 PM was adjourned as the bench could not assemble.
A bench led by Chief Justice of India DY Chandrachud has referred the April order of a five-judge bench to a larger seven judge bench. The case will be heard on October 11
The two cases deal with different aspects of the arbitral award in the dispute between Spicejet cofounder and chief Ajay Singh, and media baron Kalanidhi Maran.