arbitration petition
The Builders Association of India is now expecting an amendment in the Arbitration Act. This one will make institutional arbitration mandatory for contracts which are state awarded. Around three years ago, the proposal had been initiated when the Law Minister was Veerappa Molly. Parmar, who happens to lead a 750 member association, told the Business [...] Continue Reading »
In an arbitration petition filed by Tata Capital against Deccan Chronicle Holdings Ltd (DCHL) for recovery of a Rs 101 crore loan, the Bombay High Court has restrained DCHL from selling or disposing of its building in Lower Parel area of Central Mumbai. The High Court also ordered attachment of six accounts of DCHL in [...] Continue Reading »
