National Highways Authority of India versus Gwalior Jhansi Expressway Limited (Decision by Hon’ble Supreme Court of India in Civil Appeal No. 3288 of 2018 on 13.07.2018)
In case you're an entrepreneur, unpaid solicitations can be a tedious work and simultaneously be irksome. Notwithstanding, this occupation can turn out to be significantly more disordered if a client debates the receipt. Managing receipt debates can be distressing. Besides, it doesn't fix a business' income issue, rather it puts a great deal of weight and stress in the event that the gathering approaches lawful specialists.
“Indian entities / parties have the right to choose an arbitration venue outside of India as a foreign or neutral venue. Such a deal does not violate India's public order,” the Gujarat High Court said in a landmark ruling on Tuesday. The decree puts an end to the issue of foreign seat disputes and the implementation of its award by several agreements.
The US Court rules that the commercial arm of the Indian Space Research Organisation, the Antrix Corporation has to pay the compensation of $1.2Billion to the Bengaluru’s start-up, Devas Multimedia Pvt Ltd., on Tuesday, for canceling a deal to build and launch two satellites to provide multimedia services via space band spectrum in 2005.
As after the pandemic, the flights have again started to take off, many passengers have begun the bookings to creep up, aviation geeks and others may notice some new legalities in the fine print when they buy plane tickets.
Airlines preferring arbitration over courts to resolve disputes
National Agricultural Cooperative Marketing Federation of India (NAFED) and Alimenta S.A entered into a contract for supply of 5000 metric tonnes of Indian HPS groundnut (Commodity) for year 1979–80 on January 12, 1980. According to clause 14 of the contract, prohibition of export by law the contract would be considered as cancelled.
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Conditions of public courts- an overview
E- commerce is at a peak of its business success since many years, encouraging competition between the e-commerce companies. Companies are at a fight to survive and earn a profit in this competitive environment.
The two most gigantic and famous companies are ready to do two two hands in e-commerce websites as Jeff Bezos Amazon.com.in and Mukesh Ambani's Reliance Industries Ltd.’s fight for dominance of India's lucrative e-commerce space is turning into a big face off.
Amazon gets an interim relief in the Future-Ril deal dispute in the emergency arbitration preceding conducted in Singapore. The order to Tribunal will be valid for 90 days. Te main Tribunal will be formed and the issue of interim orders can be taken within 90days. Kishore Biyani’s Future Group and Mukesh Ambani’s Reliance has to hold their deal for some time again as the Singapore International Arbitration Centre(SIAC) has granted temporary relief to Jeff Bezos’ Amazon.
The dispute resolution process has a huge impact on the Indian economy and global perception on “doing business” in India. This is clearly indicated by World Bank rating on Ease Of Doing Business 2016 which has ranked India 131 out of 189 countries on how easy it is for private companies to follow regulations. The study notes that India takes as much as 1,420 days and 39.6% of the claim value for dispute resolution.