3 verified cases involving Arbitration, newest first.
The Madhya Pradesh High Court rejected an execution petition seeking to enforce an arbitral award that was nearly 24 years old. The court ruled that the enforcement petition was time-barred under Article 136 of the Limitation Act, as the 12-year limitation period had expired in January 2014.
The Supreme Court addressed a dispute regarding the determination of the seat of arbitration when an arbitration agreement specifies two potential venues. The court clarified that the governing law clause becomes a critical factor in determining the seat of arbitration in such instances.
Amazon challenged the proposed $3.4 billion deal between Future Group and Reliance Retail, alleging a breach of contract. The Supreme Court of India ruled in favour of Amazon, halting the transaction by upholding the validity of an emergency arbitrator's award.