Trinity Chambers

In a recent decision, the High Court of Calcutta held that Section 33(3) of the Arbitration and Conciliation Act, 1996 empowers the arbitral tribunal to suo moto correct any computation related errors as envisaged under Section 33(1)(a). A refusal by the arbitral tribunal to correct evident errors in the award, based on the absence of a specific application from the parties, constitutes patent illegality.   #InaNutshell #Arbitration #DisputeResolution #TrinityChambers #Delhi #SupremeCourt #DelhiHighCourt #HighCourt  #PatentIllegality #LegalUpdate

In recent years, the Indian Courts and Tribunals have delivered several landmark judgments that have played a pivotal role in shaping the interpretation and application of the Insolvency and Bankruptcy Code, 2016. These decisions have addressed critical issues, clarified procedural details, and reinforced the IBC's goals of ensuring timely insolvency resolution and maximisation of value for stakeholders.   Our article published on Mondaq discusses about ten of the most significant insolvency-law judgments from 2024. Read more below.   https://lnkd.in/gwPJ7Ntv   #SupremeCourt #HighCourt #NCLT #NCLAT #DisputeResolution #LandmarkJudgments #Litigation #LawFirm #Insolvency #Bankruptcy #IBC #ResolutionProfessional #CIRP #InsolvencyResolution #LegalUpdates #ThoughtLeadership #TrinityChambers #India #IndianAdvocates #Liquidation

Our latest article published on Mondaq provides a concise overview of ten noteworthy judgments delivered in the year 2024, reflecting the evolving Indian arbitration law landscape and the growing emphasis on effective dispute resolution.   Over the years, Indian Courts have consistently endeavoured to minimise judicial intervention in arbitration, aiming to foster a more arbitration-friendly environment by crystallising the law. The year 2024 continued this trend, marked by landmark rulings that further strengthened India's arbitration jurisprudence.   Read the full article in the link below to stay informed on the latest developments shaping India's arbitration framework.   https://lnkd.in/g87fW3Hy   #Arbitration #India #LegalInsights #Judiciary #ArbitrationLaw #DisputeResolution #IndianCourts #ADR #ODR #SupremeCourt #HighCourt #LegalUpdates #Arbitrator #InternationalCommercialArbitration #TrinityChambers #LCIA #SIAC #DIAC #MCIA #HKIAC #AIAC #ICC #UNCITRAL #Law #Learning #Commerce #Business #Lawyer #Arbitrability #CommercialContracts #LawFirms #Delhi #MinistryofLawandJustice #BusinessLaw #ContractLaw #InstitutionalArbitration #PublicPolicy #Investment #ArbitrationHub

The Supreme Court of India, in Arif Azim Co. Ltd. v. Micromax Informatics FZE, has addressed the nuanced complexities of arbitration agreements, particularly in distinguishing the "seat" of arbitration from the "venue" of proceedings and their jurisdictional implications. In an article published on Mondaq, we delve into the facts of the dispute, and the broader implications of this judgment for arbitration practice in India. Read the full article in the link below.   https://lnkd.in/ggKjJqgX   #Arbitration #InternationalLaw #SupremeCourt #India #DisputeResolution #ArbitrationAgreement #CommercialContracts #InternationalArbitration #LegalUpdates #LawPractice #TrinityChambers #HighCourt #SupremeCourt #Delhi

In a recent decision, the Supreme Court of India has ruled that a fresh application under Section 11 of the Arbitration and Conciliation Act, 1996, cannot be maintained if an earlier application on the same cause of action was withdrawn unconditionally without seeking liberty to refile. Additionally, the Apex Court clarified that time spent pursuing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, cannot be excluded under Section 14 of the Limitation Act, 1963, for filing a fresh arbitration application.   In an article published on Mondaq, we delve into the facts of the dispute, examine the Supreme Court's reasoning, and the broader implications of this decision for arbitration practice in India. Read more in the link below. https://lnkd.in/gFMDh7ge   #Arbitration #ContractLaw #Company #Contract #Business #India #SupremeCourt #HighCourt #InternationalArbitration #DisputeResolution #ArbitrationAgreement #ArbitrationAct #Arbitrability #CommercialCourts #UNCITRAL #ArbitralTribunal #Law #Learning #Lawyer #Delhi #TrinityChambers #Enforcement #NewYorkConvention #Award #ForeignAward #ArbitralAward

The Court of Appeal's recent decision in Houssein vs. London Credit Ltd. provides significant insights into the enforceability of default interest clauses in loan agreements. Read more about the decision in our recent article published on Mondaq in the link below. https://lnkd.in/gkNSe9Tf   #HighCourt #SupremeCourt #India #Delhi #TrinityChambers #ContractLaw #DefaultInterest #MakdessiTest #LoanAgreements #LegalInsights #PenaltyClauses #CourtOfAppeal #LegalDrafting #FinancialLaw #JudicialPrecedents #Mondaq #LegalArticle #LegalPractice #LawAndFinance #LegalUpdates

[Experts Corner] Supreme Court Crystallises the Law on Independence and Impartiality of Arbitrators in Indian Law: An Analysis of the Verdict in CORE II by Vasanth Rajasekaran and Harshvardhan Korada Read Full Article Here- https://lnkd.in/gKfCeSeH [Trinity Chambers] #ExpertsCorner #Appointmentofarbitrator #arbitrationandconciliationact #ArbitrationLaw #Article14oftheConstitution #Indianarbitraljurisprudence #internationalcommercialarbitration #Naturaljusticeinarbitrations #PartyAutonomy #PublicSectorUndertaking #UNCITRALModelLaw #Unilaterallyappointment #UnilateralAppointmentofArbitrator #scconline #SCC #legalnews #legalknowledge #scctimes #legalblog #legalupdates #lawstudent #legalresearch #legalstudies #surestwaytolegalresearch #bringingyouthebestlegalnews

In a recent ruling, the Delhi High Court dismissed an appeal by the Union of India against an interim order by an arbitral tribunal, refusing to condone a 132-day delay in filing the appeal. The decision reinforces the Indian judiciary's strict approach to limitation periods in arbitration matters, emphasizing  that administrative inefficiencies or counsel's negligence are insufficient grounds for excusing the delay. Read more in the article published on Mondaq in the link below.   https://lnkd.in/g8B4E5sT   #Arbitration #ContractLaw #Company #Contract #Business #India #SupremeCourt #HighCourt #InternationalArbitration #DisputeResolution #ArbitrationAgreement #ArbitrationAct #Arbitrability #CommercialCourts #UNCITRAL #ArbitralTribunal #Law #Learning #Lawyer #Delhi #TrinityChambers #Enforcement #NewYorkConvention #Award #ForeignAward #ArbitralAward

In our latest article on businessline, we delve into the complexities of India's judicial backlog, focusing on how the government's innovative 'Vivad se Vishwas' scheme offers a temporary yet effective solution to the mounting number of pending legal cases. With over 44.5 million cases awaiting resolution, this initiative demonstrates India's commitment to resolving disputes swiftly, freeing up judicial resources, and enhancing investor confidence. Read more about the implications of this game-changing approach below.   #LegalReforms #VivadSeVishwas #IndiaLaw #JudicialEfficiency #DisputeResolution #BusinessLaw #InvestorConfidence #Legal #Innovation #GovernmentInitiatives #TrinityChambers #Delhi #HighCourt #SupremeCourt

In an article published in the SCC Online Times, we examine the maintainability of writ petitions in arbitration-related matters. The article discusses the delicate balance between the constitutional writ powers of the High Courts and the autonomy of arbitral tribunals under the Arbitration Act. We also delve into landmark judicial precedents that clarify the limited scope for judicial intervention. Read more below.   #Arbitration #DisputeResolution #ADR #ODR #SupremeCourt #HighCourt #LegalUpdates #Arbitrator #InternationalCommercialArbitration #TrinityChambers #Law #Learning #Commerce #Business #Lawyer #Arbitrability #CommercialContracts #LawFirms #Delhi #BusinessLaw #ContractLaw #InstitutionalArbitration #PublicPolicy #Interest #ArbitrationHub #Damages #Claims #Breach #Writ #Constitution