The Delhi High Court has ruled that the inheritance dispute between Oberoi siblings over late PRS Oberoi’s estate cannot be settled through arbitration. The Court held that the Articles of Association do not amount to a valid arbitration agreement under law.
On Friday(13th Sept), Chief Justice D.Y. Chandrachud urged India to foster a global international arbitration culture, calling for a fair dispute resolution platform both domestically and internationally. He emphasized that a strong legal framework is essential for economic stability and investor confidence.
The Supreme Court, led by CJI Chandrachud, today reserved judgment on whether an ineligible person can nominate an arbitrator. Solicitor General Mehta emphasized strengthening arbitration as a dispute resolution mechanism. The Court discussed significant questions of law and the challenges in the arbitrator selection process, with a focus on party autonomy and potential injustice.
