Indian judiciary exercises prudence & restraint in interfering with arbitral awards: Justice Kohli
6 months, 2 weeks ago

Indian judiciary exercises prudence & restraint in interfering with arbitral awards: Justice Kohli

Hindustan Times  

New Delhi, The Indian judiciary exercises prudence and restraint in interfering with arbitral awards and judicial intervention on grounds of patent illegality or public policy ought to be an exceptional measure to be deployed sparingly, Supreme Court judge Justice Hima Kohli has said. Indian judiciary exercises prudence & restraint in interfering with arbitral awards: Justice Kohli {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} She said the Supreme Court of India has helped bolster the country's reputation as a favourable venue for dispute resolution by limiting judicial intervention and respecting arbitral awards. Justice Kohli said as the landscape of arbitration evolves and new challenges emerge, the Indian judiciary has also adapted and responded to the changing needs of the hour and refined the contours of judicial intervention. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Justice Kohli said by strengthening institutional frameworks, harmonising regional practices and embracing technological advancements, India and MENA must ensure that they are well-equipped to handle the complexities of modern commercial disputes.

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History of this topic

India aims to be global arbitration hub. And cut costs for its biggest litigant.
4 months, 1 week ago

India aims to be global arbitration hub. And cut costs for its biggest litigant.

Live Mint  

New Delhi: The Union law ministry has commissioned a study of the legal frameworks in top international commercial centers as part of its efforts to position India as a global arbitration hub. The ministry is looking to address challenges in India’s arbitration system and improve the execution of arbitral awards, or out-of-court settlements, two officials said, declining to be identified. …

Indian judiciary exercises prudence & restraint in interfering with arbitral awards: Justice Kohli
6 months, 2 weeks ago

Indian judiciary exercises prudence & restraint in interfering with arbitral awards: Justice Kohli

Hindustan Times  

New Delhi, The Indian judiciary exercises prudence and restraint in interfering with arbitral awards and judicial intervention on grounds of patent illegality or public policy ought to be an exceptional measure to be deployed sparingly, Supreme Court judge Justice Hima Kohli has said. Indian judiciary exercises prudence & restraint in interfering with arbitral awards: Justice Kohli She said the Supreme …

Arbitration now preferred method for commercial justice: CJI Chandrachud
6 months, 2 weeks ago

Arbitration now preferred method for commercial justice: CJI Chandrachud

Hindustan Times  

Chief Justice of India Dhananjaya Y Chandrachud has underscored the pivotal role of arbitration in the realm of commercial justice, asserting that it is no longer an alternative but a preferred method of dispute resolution. Delivering his address at the Supreme Court of the United Kingdom on Thursday evening, the CJI highlighted the evolution of arbitration from a supplementary dispute …

Must Be Wary Of Unnecessary Judicial Interference At Every Stage Of Arbitral Process: Calcutta HC Upholds Arbitral Award In Favor Of Reliance Infra
1 year, 2 months ago

Must Be Wary Of Unnecessary Judicial Interference At Every Stage Of Arbitral Process: Calcutta HC Upholds Arbitral Award In Favor Of Reliance Infra

Live Law  

In a landmark 255-page judgement, the Calcutta High Court has upheld an arbitral award in favor of Reliance Infrastructure, arising out of a deal struck with the Damodar Valley Corporation for construction of thermal power plants in Raghunathpur. Thereafter, the DVC decided to challenge the Award and filed a Section 34 application under the Arbitration and Conciliation Act, 1996 in …

Arbitration | Every Violation Of Statute Not Against Fundamental Public Policy Of India, Exception Has To Be Construed Narrowly: Bombay High Court
2 years, 10 months ago

Arbitration | Every Violation Of Statute Not Against Fundamental Public Policy Of India, Exception Has To Be Construed Narrowly: Bombay High Court

Live Law  

While enforcing a foreign arbitral award, the Bombay High Court has held that violation of a statute would not necessarily violate the fundamental policy of Indian law and the fundamental policy test must be applied according to the circumstances and facts of each case. Petitioner's contentions Dr. Chandrachud, Counsel for the petitioner contended that if a mere misinterpretation of substantive …

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