The Supreme Court recently reiterated that unless there is a specific bar under the contract, it is always open for the Arbitrator to award pendente lite interest in view of Section 31 of the Arbitration and Conciliation Act 1996. Sundresh, while adjudicating an appeal filed in Indian Railway Construction Company Limited v M/s National Buildings Construction Corporation Limited, has affirmed …
The National Company Law Tribunal on Tuesday approved the Mumbai-based Suraksha group's bid to acquire Jaypee Infratech, a development that comes as a relief for more than 20,000 homebuyers nearly six years after the debt-ridden company entered into the insolvency process, the PTI reported. According to the report, the ruling, which also comes nearly two years after the Committee of …
The Centre on Tuesday informed Supreme Court that the foundation work for the Smog Tower project, aimed to help Delhi fight the menace of air pollution, could be started immediately.However, Solicitor General Tushar Mehta also indicated that, as informed earlier, it would take a period of around 10 months to complete the entire project. The Centre on Tuesday informed Supreme …
