The Supreme Court said repeated court challenges to arbitral awards defeat the purpose of the Arbitration and Conciliation Act, 1996. Courts must interfere only on limited grounds, as excessive judicial intervention frustrates speedy dispute resolution.
NEW DELHI: Former Supreme Court judge Justice Rohinton Nariman recently praised the contribution of former Attorney General KK Venugopal in shaping his career. At the same time, he shared how it was his “great misfortune” that, as a judge, he often had to rule against Venugopal because the latter represented the government.
CJI Chandrachud emphasized the need for diverse representation in international arbitration during Delhi Arbitration Week. He highlighted biases in arbitrator selection, citing a case involving rapper Jay-Z. Chandrachud advocated for the inclusion of highly qualified Indian arbitrators and cautioned against AI bias. The event also addressed biases in arbitration and the empowering nature of arbitration for parties.
In a groundbreaking decision, the Supreme Court of India has set a new precedent in arbitration law, significantly impacting the enforceability of arbitration clauses in contracts. This ruling, delivered by a seven-judge bench led by Chief Justice of India DY Chandrachud, addresses the contentious issue of whether arbitration clauses in unstamped or inadequately stamped agreements […]