The Delhi High Court ruled that a bank guarantee is an independent contract, enforceable solely by its terms and distinct from any underlying agreements or disputes.
Bombay High Court upheld the Rs.538 crore arbitration award in favour of Kochi Tuskers Kerala, rejecting BCCI’s challenge. The Court said, “It cannot act as an appellate body regarding the conclusions made by the arbitrator.”
SECI banned Reliance Power and Reliance NU BESS from its tenders for three years due to alleged submission of fake documents in a June 1,000 MW/2000 MWh BESS project tender. The Delhi High Court granted a stay on the ban, allowing Reliance Power to challenge the decision, while SECI faces scrutiny over its processes.
The Delhi High Court denied InterDigital Technology’s request to access licensing agreements between Oppo, RealMe, and OnePlus and two Standard Essential Patent licensors. Both sides were directed to submit certain licensing agreements with chipset supplier Qualcomm. The main suit will be heard on July 3, with a decision expected by the end of 2024.
