2020-TIOLCORP-NEWS-34 | Saturday, February 15, 2020

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MISCELLANEOUS
  2020-TIOLCORP-06-SC-MISC-LB 

Dharmaratnakara Rai Vs Bhaskar Raju And Brothers

Whether if lease deed containing arbitration clause is insufficiently stamped then it can not be admitted as evidence and arbitration clause can not be invoked - YES : SC Larger Bench

Whether if deficit duty and penalty is paid in manner set out in Stamp Act, lease deed can be acted upon and admitted in evidence - YES : SC Larger Bench

- Appeal allowed: SUPREME COURT OF INDIA

2020-TIOLCORP-05-SC-MISC

Chandigarh Construction Co Pvt Ltd Vs State of Punjab

Whether if the arbitral award is cryptic, the Trial court cannot just modify the award without remanding the matter to the arbitrator to make a fresh consideration - YES: SC

- Appeal partly allowed: SUPREME COURT OF INDIA

2020-TIOLCORP-04-SC-MISC-LB

Vijay Karia Vs Prysmian Cavi E Sistemi SRL

Whether where the arbitral award passed under international commercial arbitration is sound in public policy & in conformity with the principles of natural justice, the Apex Court can only address the appeal from refusal to recognise the international commercial arbitration - YES: SC Larger Bench

Whether where the International Arbitral Tribunal has addressed the basic issues of claim & counter - claims & rejects the counter - claim, no challenge before the Apex Court lies before Article 136 of the Constitution against the recognition of foreign arbitral award - YES: SC Larger Bench

- Appeal dismissed: SUPREME COURT OF INDIA (LB)

HIGH LIGHTS (SISTER PORTAL)
  TIOL

Co-operative Societies: Budget Analysis

Govt workshop promotes Steel usage in rail, defence sectors

Govt bats for increased regional synergy to curb drug trafficking

TOG

India, Portugal ink MoU to develop maritime heritage museum

Exports rise 1.94%; imports fall 4.69% in last fiscal

 

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CORP BRIEF
  SEBI constitutes 'Municipal Bonds Development Committee'

CCI holds sessions to expand competition law awareness

ESIC hikes Confinement Expenses to Rs 7500/-

MCA NOTIFICATION
  MCA notifies Nidhi (Second Amendment) Rules 2020

MCA notifies Companies (Issue of Global Depository Receipts) Amendment Rules, 2020

ADMINISTRATIVE ORDER
  CCI invites applications for post of Director General
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