Delve into the complexities of Liquidated Damages (LD) in Indian contracts, exploring legal frameworks, judicial precedents, and practical considerations for fair enforcement.
A census report was cited in the instant judgment which stated that each year the cases of the raid by ED is increasing, however, the infectiveness was highlighted which showed that the conviction rate was zero till 2015-16, and thereafter reached a maximum of four conviction in 2018-19.
Arbitrators are creatures of an agreement, it is for the parties to confer upon them such power and prescribe such procedure for them to follow, as they deem fit, so long as they are not bad in law (the proviso to section 41 and section 3 of the Arbitration & Conciliation Act, 1996( hereinafter referred […]
Increasing international trade and global business venture growth around the globe have been rapidly increasing over the years, this also has a major drawback of growing conflicts between the nations thereby in order to overcome such conflicts and amicably settle dispute the law of international commercial arbitration has a very important role to play.
Now, it is no secret that we don’t live in an ideal world and thus many times things don’t turn out as we want it to be, thus it results to disputes and delays which thereby impacts the economy in a negative way. In such times, arbitral proceeding plays a crucial role to resolve the dispute in the most cost-effective manner possible.
