Axis Bank itself conceded that awards by unilaterally appointed sole arbitrators are void. The Delhi High Court has now declared an award against a borrower unenforceable, noting that one bank-appointed arbitrator had handled 4,155 arbitrations over four to five years, and has asked the RBI to caution all banks on unilateral appointments. New Delhi: Declaring […]
![[Appointment Of An Arbitrator] "Central Govt Should Inspire Confidence of Private Investors in Arbitration": CJI Chandrachud](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/08/image-390.png?resize=447%2C367&ssl=1)
The Supreme Court Yesterday (Aug 29) highlighted the importance of private investment in a country’s progress and the role that arbitration plays in promoting such progress. A Constitution Bench Led by CJI DY Chandrachud said that the arbitration process has to be fair to inspire the confidence of private investors.
![[Personality Rights Violation] Delhi HC Appoints Arbitrator for Yuvraj Singh's Case](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/08/image-8-1.png?resize=300%2C168&ssl=1)
Today, On 5th August, The Delhi High Court appointed an arbitrator to handle cricketer Yuvraj Singh’s plea regarding the infringement of his personality rights and a dispute over a flat sale agreement. The arbitrator will resolve these issues, following the court’s dismissal of the counterarguments from the respondents’ counsel.
Delhi High Court has dismissed a petition seeking the appointment of an arbitrator to resolve a long-standing dispute between Arunima Automobiles and Maruti Suzuki India Limited. Justice Dinesh Kumar Sharma criticized the petition as a misuse of the legal process, emphasizing the futility of pursuing claims that are no longer viable In a recent ruling, […]