Lok Sabha gives nod to arbitration Bill

The lok Sabha has passed the New Delhi International Arbitration Centre (NDIAC) Bill,2019. The Bill provides for setting up of an independent autonomous body for institutional arbitration and to acquire and transfer the undertakings of International Centre For Alternative Dispute Resolution (ICADR) to NDIAC. The NDIAC will be headed by a chairperson who has been… Continue reading Lok Sabha gives nod to arbitration Bill

Arbitral award:SC poser to Singh brothers

Supreme Court has directed former promoters of Fortis Healthcare Ltd to come up with a plan on how they can pay over ₹3,500 crore to Japanese drugmaker Daiichi Sankyo as directed by a Singapore arbitration tribunal. In February,2018,Singh brothers resigned as directors from the Fortis company’s board following the Delhi High Court order upholding the… Continue reading Arbitral award:SC poser to Singh brothers