Sagarmanthan closes with vow for sustainable evolution of Maritime Sector (See 'Corp Brief') DPIIT celebrates 8th Anniversary of 4 industrial Corridors (See 'Corp Brief') Chouhan addresses inaugural session of Global Soil Conference 2024 (See 'Corp Brief') Patent Act-Impugned order lacking sufficient scientific reasoning and clarity regarding inventive step of invention can be rejected under Patent Act: HC (See 'Legal Desk') NABH signs MoU with RSSDI to enhance quality of diabetes care (See 'Corp Brief') Coal India receives Green World Awards 2024 in London (See 'Corp Brief') India felicitates foreign ISA Trainees from 6 countries in Ocean Exploration (See 'Corp Brief') SEBI- Breach of civil obligation which attracts penalty in nature of fine would immediately attract penalty irrespective of fact whether contravention made by defaulter is with guilty intention or not: SEBI (See 'Legal Desk') India-Australia Working Group Meeting held on Cooperation in field of Public Administration (See 'Corp Brief') GeM conducting on-boarding drive for MSMEs at IITF (See 'Corp Brief') 24 lacs DLCs generated through Face Authentication (See 'Corp Brief') CPC- Principle in law, postulates that while deciding application under CPC must necessarily confine itself to averments made in plaint and cannot evaluate, on prima facie basis, defence raised by defendants: HC (See 'Legal Desk') Bharat NCX 2024 officially inaugurated (See 'Corp Brief') PM GatiShakti NPG evaluates 8 key infrastructure projects (See 'Corp Brief') SEBI Act-Issusance of Settlement Application to settle adjudication proceedings is beneficial of time and money in eyes of law: SEBI (See 'Legal Desk') Maritime Thought Leadership Forum - Sagarmanthan - begins Today in Delhi (See 'Corp Brief') 'Y-Break at Workplace' Program receives prestigious recognition (See 'Corp Brief') Arbitration Act- Arbitrator is not entitled to rewrite contract between parties or to restructure transactions, and must necessarily decide in accordance with contractual provisions: HC (See 'Legal Desk') Minister inaugurates 'COIR Board PAVILION' at IITF, 2024 (See 'Corp Brief') SEBI - Trustees are under statuotry obligations to abide by SEBI Circulars and protect interest of debenture holders violation of which could attract penalties: SEBI (See 'Legal Desk') National Technical Textiles Mission - Govt approves 12 R&D projects worth Rs 13 Crores (See 'Corp Brief') IBC- Resolution applicant to start on clean slate it is necessary for adjudicating authority to arrive at subjective satisfaction that Resolution Plan conforms to requirements as are provided u/s 30(2): HC (See 'Legal Desk') Govt vision for energy sector to focus on availability, affordability & sustainability (See 'Corp Brief') A&C - Arbitral Tribunal is master of evidence and finding of fact arrived at by arbitrator is on appreciation of evidence on record, and is not to be scrutinized u/s 37 of Arbitration Act: HC (See 'Legal Desk') Arbitration - When party seeking appointment of arbitrator unconditionally withdraws its application, then subsequent application for appointment of arbitrator on same cause of action would be barred: SC (See 'Legal Desk') 43rd IITF - Steel Pavillion showcases sectoral innovation & advancements (See 'Corp Brief') Arbitration - While PSUs can maintain a panel of potential arbitrators, they cannot compel other party to select its arbitrator from panel: SC LB (See 'Legal Desk') Misc - Computation of royalty on minerals is purely a policy decision within executive's domain, and unless policymaking authority has overstepped its limits, such decisions cannot be challenged - YES: SC LB (See 'Legal Desk') TRAI hosts South Asian telecom regulators' council meet; sharing best practices to expand digitisation on agenda (See 'Corp Brief') Misc - If an entity takes over assets of partnership firm without outgoing partner's consent, then profits earned by entity using partnership firm's assets would be proportionally distributed to outgoing partner: SC LB (See 'Legal Desk') Trade Marks- While determining issue of competing marks, marks are to be seen as whole and not individual components/letters: HC (See 'Legal Desk')

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By Shoba Ramamoorthy

'Accord and satisfaction' & Arbitration

Published: Oct 08, 2024

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