Nayara Energy pulled back its Delhi High Court plea after Microsoft restored crucial services suspended over EU sanctions. The dispute arose from alleged breach of contract and was resolved without interim court orders.
Top Indian legal experts emphasize the need for arbitrators to act cautiously and fairly when fraud is suspected, even if not formally raised. Discussions highlighted the importance of procedural steps to balance efficiency with due process. The integrity of arbitration is crucial, especially in cases involving significant public funds and potential collusion.
Speaking at the LCIA International Arbitration Symposium in London, CJI B R Gavai said India’s role in global arbitration has evolved remarkably. “India has moved from ‘interventionist uncle’ to ‘supportive elder cousin’ in the global arbitration family,” he said, highlighting judicial maturity and restraint.
The Delhi High Court has issued a contempt notice to BluSmart, Gensol, and others for allegedly violating a court order regarding 10 Tata Tigor EVs. Shefasteq claims the companies obstructed efforts to locate the vehicles and failed to provide required information. Legal proceedings involving Gensol have escalated amid serious allegations from SEBI.
The Delhi High Court has prohibited Gensol and BluSmart from transferring rights over 175 leased EVs from Orix due to payment defaults and regulatory issues. Orix requested this order amid claims of contract violations. Additionally, Gensol faces scrutiny from SEBI for governance breaches, impacting investor confidence and stock stability.