Jackie Kukubhai Shroff v. Ratnam Sudesh Iyer Court: Bombay High Court | Case Number: ARB.P. 167/2015 | Citation: Currently not available| Judge: SC Gupte J| Date: 19 May 2020 | Available at: https://www.livelaw.in/pdf_upload/pdf_upload-375326.pdf A. THE BACKGROUND Jackie and Ratnam were shareholders in Atlas. Atlas was a shareholder in MSM. Dispute arose concerning the sale
Continue readingAn award can be set aside if it shocks the conscience of the court. (Bombay High Court)
An award based on put-option in a contract does not violate the public policy of India (Bombay High Court)
Banyan Tree Growth Capital LLC v. Axiom Cordages Limited and others, Commercial Arbitration Petition No. 476 of 2019 Bombay High Court| single-judge bench | GS Kulkarni J | 30 April 2020 Banyan, a Mauritius based fund, invested USD fifty million into Axiom Cordages Limited after negotiations with Axion’s promoters. The
Continue readingForeign award cannot be enforced if the matter involves violation of export-restrictions (Supreme Court of India)
National Agricultural Cooperative Marketing Federation of India v. Alimenta S.A., 2020 SCC OnLine SC 381 Supreme Court of India; 3-judge bench, Arun Mishra, MR Shah, BR Gavai JJ; decided on 22 April 2020 On 22 April 2020A 3-judge bench of the Supreme Court of India ruled on the enforceability
Continue readingConsidering and allowing a time-barred claim makes the award contrary to public policy of India, and irrational, and perverse, and lacking in judicial approach
KM Suresh Babu v. Sundaram Finance Limited Madras High Court; single-judge bench, M Sundar J; 05 March 2020 A. THE BACKGROUND Sundaram Finance (SF) financed a truck to Suresh under a hire-purchase contract. Suresh defaulted on the repayment of instalments on 06 April 1999. SF seized the truck on 17
Continue readingAward set aside by Delhi High Court in an appeal, overturning the finding of the arbitral tribunal and a single judge who had dismissed the set-aside application, on the ground that the reasoning of the tribunal was perverse and hence in conflict with the public policy of India (Delhi High Court)
MMTC Limited v. Anglo American Metallurgical Coal, FAO (OS) 532/2015 Delhi High Court; 2-judge bench, G.S. Sistani and Anup Jairam Bhambhani JJ.; decided on 02 March 2020 A bench of two judges of the Delhi High Court set aside, in this case, a domestic award in an appeal under Section
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