Tag

#ArbitrationAndConciliationAct
Hon'ble Supreme Court of India Belated Jurisdictional Challenge Not Maintainable After Participation in Arbitration!
In Municipal Corporation of Greater Mumbai v. M/s R.V. Anderson Associates Limited, the Hon’ble Supreme Court of India has clarified that a belated jurisdictional challenge cannot be raised after a party has actively participated in arbitral proceedings without objection. The dispute arose from a consultancy agreement between the Municipal Corporation of Greater Mumbai and M/s...
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Hon'ble Supreme Court Holds Arbitral Tribunal Cannot Award Interest If Contract Prohibits It!
In the Union of India & Ors. v. Larsen & Turbo Limited, the Hon’ble Supreme Court has clarified the scope of an arbitral tribunal’s power to grant interest under Section 31(7) of the Arbitration and Conciliation Act, 1996. The Supreme Court of India held that an arbitral tribunal cannot award pre-award or pendente lite interest...
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Supreme Court on Delay and Deficiency in Arbitral Awards
In  Lancor Holdings Limited v. Prem Kumar Menon & Ors., the Hon’ble Supreme Court has set aside an arbitral award that was rendered nearly four years after the conclusion of proceedings , holding that such  inordinate delay and failure to adjudicate core disputes amounts to a violation of the public policy of India under Section...
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