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Delhi HC: Arbitration proceedings and proceedings under the SARFAESI Act, 2002 can go on simultaneously
The Delhi HC has reiterated that arbitration proceedings and proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002 (SARFAESI Act) can go hand in hand. It held that even prior arbitration proceedings...
SC: Execution Petitions must be disposed off within six months or reasons be recorded if unable to do so
The Supreme Court has re-iterated that Execution Petitions must be disposed off within six months. If courts are unable to do so, they must record reasons behind it. In Bhoj Raj Garg v. Goyal Education and Welfare Society and Ors., the Petitioner approached the Apex...
SC holds that arbitrator has the discretion to award post-award interest on a part of the sum
The Supreme Court held that the arbitrator has the discretion to award post-award interest on a part of the sum. The issue was whether the arbitrator has the discretion to grant post-award interest only on the principal sum under Section 31(7)(b) of the Arbitration...