The Madhya Pradesh High Court held that the word “may” in an arbitration clause does not make arbitration optional. Justice Deepak Khot ruled that parties’ intention must be examined from the agreement as a whole, allowing appointment of an arbitrator under Section 11(6).
The Supreme Court allowed SpiceJet and its Managing Director Ajay Singh to again move the Delhi High Court in their arbitration dispute with Kalanithi Maran and KAL Airways, linked to a ₹144-crore deposit. The airline referred to a new government emergency credit scheme introduced for the aviation sector amid the West Asia oil crisis.
The Supreme Court refused to interfere with the Delhi High Court’s order directing SpiceJet and Ajay Singh to deposit Rs 144.51 crore in the long-running dispute with Kalanithi Maran and KAL Airways.
The Court also imposed Rs 1 lakh costs on Singh for repeatedly pursuing the litigation despite earlier directions.
NEW DELHI: On Monday, The Supreme Court of India has warned that its decision on the Delhi Metro Rail Corporation (DMRC) and Delhi Airport Metro Express Private Limited (DAMEPL) dispute must be followed strictly. The court stated that if the ruling is not obeyed, it will take strict action against the officials of the private company and Axis Bank.
NEW DELHI: The Supreme Court of India on 11th Feb, ruled that a husband can be held responsible for the losses in his wife’s stock trading account if there was an oral agreement and shared financial dealings. A Bench of Justices PS Narasimha and Sandeep Mehta stated that an arbitral tribunal can exercise jurisdiction over the husband under Bye-law 248(a) of the Bombay Stock Exchange (BSE) Bye-laws, 1957.
Today(on 26th July), The Supreme Court upheld Delhi High Court’s decision to remand the arbitration dispute between Kalanithi Maran and SpiceJet back to a single judge. This follows legal battles over an arbitral award favoring Maran, with significant financial implications for both parties. SpiceJet plans to pursue a Rs. 450 crore refund, enhancing its financial position and enabling further expansion.
On 6th March: The Delhi High Court has issued a restraining order against Reliance Infrastructure, preventing the sale of $135 million worth of assets amidst a legal battle with Shanghai Electric regarding the Sasan Power Project. The court’s decision aims to retain these assets as security amid an arbitration conflict. This comes despite objections from Reliance Infrastructure, which were dismissed by the court.