Delhi Metro Rail Corporation Ltd. v. Delhi Airport Metro Express Pvt Ltd.
In the landmark case of Delhi Metro Rail Corporation Ltd. v. Delhi Airport Metro Express Pvt. Ltd., the Supreme Court of India, on April 10, 2024, set aside an INR 8000 Crore arbitral award using its curative jurisdiction. This judgment revolved around a 2008 Concession Agreement and highlighted the boundaries of judicial review in arbitration.
The Supreme Court found the arbitral award patently illegal due to the unreasonable interpretation of the termination clause, neglect of vital evidence, and insufficient reasoning. This ruling underscores the need for careful balance in arbitration, ensuring justice while limiting judicial interference. Such measures are crucial for India’s ambition to be a global arbitration hub and an attractive destination for foreign investment.
Protecting Brands In India And Europe: Comparison Of Trademarks Laws
Explore the key differences and similarities in trademark laws between India and Europe in this insightful article. Understand how these regulations impact brand protection and intellectual property rights in cross-border business operations.
Navigating the Turbulence: Rethinking Aircraft Lease Laws in India on Termination of Aircraft Lease
Explore the intricacies of aircraft leasing in India and its impact on airlines, passengers, and the aviation industry. This article delves into the challenges faced by Indian airlines in lease payments, the legal gaps in handling aircraft leases, and proposed solutions to streamline the process and reduce economic burdens.
Digital Personal Data Protection Act 2023: Comprehensive Guide, Compliance, and Penalties
Explore the intricacies of the Digital Personal Data Protection Act 2023 with K Singhania & Co.’s comprehensive guide. Dive into compliance requirements, penalties, and key terminologies to ensure your business aligns with India’s latest data protection standards
Tightening the Reins Too Much? The Unintended Consequences of New Related Party Transaction Rules
Explore the implications of SEBI’s new rules for Related Party Transactions (RPTs) introduced in April 2022.
This article delves into the potential challenges and unintended consequences of these regulations, offering a nuanced perspective on their impact on India’s corporate landscape.
A Case for Artist Royalty Rights in India, With EU as a Reference
Introduction: With the advent of the internet, accessibility of music has increased multi-fold creating a highly profitable industry worldwide. The music labels that publish music in their own name have become huge conglomerates who control how and when any music would be published on any of the prominent streaming platforms. However, the artists behind the […]
Launching Your Venture in India: How Can Our Law Firm Guide You?
Are you eyeing India’s thriving market and vast talent pool for your next business expansion? While the potential is immense, setting up shop in a new country can be fraught with legal and regulatory challenges. At our law firm, we leverage our rich experience and in-depth knowledge in international business matters to guide you through […]
THE DICHOTOMY BETWEEN INSOLVENCY LAWS AND CAPETOWN CONVENTION AMIDST GOFIRST INSOLVENCY
This article stresses the need for reforming the aircraft laws of India to make it a more amenable jurisdiction for aircraft lessors.
The Apex Court holds unstamped arbitration agreements to be invalid- A critique!
The Hon’ble Supreme Court, in a 3:2 split verdict, held that an unstamped arbitration agreement could not be enforced until the stamp duty has been paid; similarly, an arbitration clause in an unstamped or unduly stamped Contract cannot be treated as valid until the stamp duty obligations have been duly complied with by the parties.
Exploring the Due Diligence Process – for independent directors in India
In India, independent directors and their roles evolved as a response to several corporate scandals and frauds in the country in the early 2000s. The introduction of independent directors was aimed to improve corporate governance and increase transparency in the management of companies. One of India’s most significant corporate scandals was the Satyam Computer Services […]
