Arbitration and Conciliation Act
Arbitration and tax disputes: Hand in hand?
Income Tax - While the Indian Government is going all out to create a positive India outline, however, it is a reality that the World Bank's Ease of Doing Business 2015 report puts India as low as 186 on the criteria of contract enforcement. India strongly believes in the rule of law but an important aspect in doing business is factored out of the eas...
Read MoreLaw Relating To Arbitration and Conciliation
Income Tax - Purpose of Arbitration Act is to provide quick redressal to commercial dispute by private Arbitration. Quick decision of any commercial dispute is necessary for smooth functioning of business and industry. Internationally, it is accepted that normally commercial disputes should be solved through arbitration and not through normal judicial...
Read MoreHow to make the arbitration mechanism truly effective?
Income Tax - With a very laudable objective of speedy disposal of cases, Alternative Dispute Resolution Mechanism (ADR) is mooted. Among the modes of Alternative Dispute Resolution Mechanism, Arbitration is most discussed issue always as many agreements or contracts contain an Arbitration Clause now-a-days. The difference between Arbitration Mechanis...
Read MoreIs Arbitration better suited to get corporate disputes resolved?
Income Tax - Unless there is an express bar under law and when there is an arbitration agreement either express or implied, a dispute between or among the parties can be referred to an Arbitrator or panel of Arbitrators as specifically agreed to. As everybody knows, Alternative Dispute Resolution Mechanism is mooted to reduce the burden in traditional...
Read MoreLaw of arbitration – company matters
Income Tax - A brief about Arbitration Mechanism: In order to reduce the delay in courts in the process of traditional adjudication mechanism, the Alternative Disposal Mechanism (ADR) was mooted. The dispute resolution through Conciliation, Arbitration and Mediation etc., is regarded as alternative mechanism to resolve the disputes between or among th...
Read MoreHLC to review Institutionalisation of Arbitration Mechanism in India
Income Tax - Comments invited on working paper of high level committee (HLC) to review Institutionalisation of Arbitration Mechanism in India by 7 April 2017...
Read MoreConstitution of HLC to review Institutionalization of Arbitration Mechanism
Income Tax - In order to ensure speedy resolution of commercial disputes and to facilitate effective conduct of international and domestic arbitrations raised under various agreements Government has decided to constitute a High Level Committee (HLC) in the Ministry of Law and Justice...
Read MoreForeign arbitration award enforceable in India according to the Arbitration and Conciliation Act
Income Tax - The Delhi high court has held that the foreign arbitration award in the dispute between US firm Penn Racquet Sports and Indian company Mayor International Ltd was enforceable in this country according to the Arbitration and Conciliation Act. The awar...
Read MoreAward of the sole arbitrator enforceable in India: Delhi HC
Income Tax - The Delhi high court last week declared that the award of the sole arbitrator appointed by the International Court of Arbitration in the dispute between Fittydent International GmBH and Brawn Laboratories was enforceable in India. The award was in favour of the foreign firm, which had a licence agreement with the Indian firm for manufactu...
Read MoreAmendments in Arbitration and Conciliation Act 1996
Income Tax - Dr.M.Veerappa Moily, Minister of Law and Justice will release a paper on Proposed Amendments in Arbitration and Conciliation Act, 1996 here tomorrow. The Arbitration and Conciliation Act, 1996 deals with law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards. The objects and ...
Read MoreArbitrator cannot Lift Corporate Veil: Delhi HC
Sudhir Gopi Vs Indira Gandi National Open Univercity and ANR. (Delhi High Court) - Decision of the arbitral tribunal to pierce the corporate veil is fundamentally flawed. It falls foul of the fundamental policy of Indian law that recognises that a company is an independent juristic person....
Read MoreSections 8(1) & (2) of Arbitration and Conciliation Act, 1996 are mandatory in nature
Jhansi-Orai Tollyway Pvt. Ltd. Vs Bank of India (Chhattisgarh High Court) - Oppugning legality, validity and correctness of the order dated 10-2-2014 passed by the trial Court (judicial authority) in Civil Suit No. 207-A/2013 by which that Court in exercise of power conferred under Section 8(1) of the Arbitration and Conciliation Act, 1996 (hereinafter called as the ‘AC A...
Read MoreMaintainability of Application for termination of mandate of an Arbitrator
Rahul Somani Vs Ramgopal Somani (Chhattisgarh High Court) - Application for termination of mandate of an Arbitrator under Section 14(1) of the Arbitration and Conciliation Act, 1996, is maintainable before the principal Civil Court of original jurisdiction i.e. the District Judge and not before the High Court....
Read MoreArbitral tribunal has no power to appoint Court Receiver, High Court
M/s. Shakti International Private Limited Vs M/s. Excel Metal Processors Private Limited (Bombay High Court) - The above Court Receivers Report dated 28th December, 2016 (Report) is filed by the Court Receiver, High Court, Bombay, seeking directions on Whether the Registry should accept the matters wherein the Arbitral Tribunal appoints the Court Receiver, High Court, Bombay, as a Receiver for execution of o...
Read MoreGuarantor-director cannot be dragged into arbitration
The Supreme Court (SC) ruled last week that a guarantor outside an arbitration agreement cannot be made a party to the arbitration proceedings. It reversed the judgment of the Delhi high court which had asked the guarantor to comply with the award of...
Read MoreArbitration and Conciliation (Amendment) Act, 2015
NO. 3 OF 2016 - (31/12/2015) - in the case of an arbitration other than international commercial arbitration, the principal Civil Court of original jurisdiction in a district, and includes the High Court in exercise of its ordinary original civil jurisdiction, having jurisdiction to decide the questions forming the subject-matter...
Read MoreRecent Posts in "Arbitration and Conciliation Act"
Arbitrator cannot Lift Corporate Veil: Delhi HC
Sudhir Gopi Vs Indira Gandi National Open Univercity and ANR. (Delhi High Court) -
Sections 8(1) & (2) of Arbitration and Conciliation Act, 1996 are mandatory in nature
Jhansi-Orai Tollyway Pvt. Ltd. Vs Bank of India (Chhattisgarh High Court) -
Maintainability of Application for termination of mandate of an Arbitrator
Rahul Somani Vs Ramgopal Somani (Chhattisgarh High Court) -
Arbitral tribunal has no power to appoint Court Receiver, High Court
M/s. Shakti International Private Limited Vs M/s. Excel Metal Processors Private Limited (Bombay High Court) -
HLC to review Institutionalisation of Arbitration Mechanism in India
Constitution of HLC to review Institutionalization of Arbitration Mechanism
Arbitration and tax disputes: Hand in hand?
Arbitration and Conciliation (Amendment) Act, 2015
NO. 3 OF 2016 - (31/12/2015) -
Foreign arbitration award enforceable in India according to the Arbitration and Conciliation Act
Guarantor-director cannot be dragged into arbitration
Browse All Categories
Latest Posts
- Govt notifies maximum safe axle weight of each axle type of transport vehicles
- Key suggestions on Proposed Amendments in the GST Law
- GST: HC directs MP Govt to Remove Check posts
- Penalty for Failure to file Part-B of E-way Bill is valid: HC
- HC grants Bail to Person accused of GST Evasion by issuing Fake Invoices
- Form DIR-3 KYC Filing Rules
- All About Derivative under Income Tax Act
- All about Form DIR-3 KYC
- ‘Second leg contract’ cannot be denied applicability of section 44BB
- Which ITR form to be used
Popular Posts
Featured Posts
- Tax benefits of investing in mutual funds
- Loans and income tax benefits available
- Tax Compliance & Planning For Salaried Individuals
- Deduction of Interest on Home Loan From House Property income
- Interest on Home Loan on Self Occupied House –Tax benefits
- Last Moment Tax Saving Investment options Under Section 80C
- Double Benefit on Taxes on Housing Loan
- All about Kisan Vikas Patra and its Taxation
- Submitting Form No. 15G & 15H -Points to Remember
- Tips for Filing Income Tax Returns
