Arbitration
Seven-judge bench to review SC’s April arbitration verdict
The April judgment was expected to create further delays in appointment of arbitrators by adding one more layer of scrutiny, besides being contrary to India’s pro-arbitration stance. “Having regard to the larger ramifications and consequences of the view of the majority in the NM Global case, these proceedings should be placed before a seven-judge bench […]
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Arbitration
Seven-judge bench to reconsider April arbitration verdict of Supreme C…
Citing the current “limitless uncertainty in the area of arbitration”, the Supreme Court on Tuesday preferred a seven-judge bench to review its ruling in April that held an arbitration clause is not enforceable in law if the agreement is unstamped or insufficiently stamped. The April judgment of the Supreme Court is expected to create further […]
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