We are the ‘Law Offices of Kr. Vivek Tanwar Advocate and Associates’ specializing in providing arbitration legal services under the Arbitration and Conciliation Act 1996. In today’s world, people rely on various services across different sectors, from healthcare to e-commerce. Our firm is dedicated to safeguarding the rights and interests of people, ensuring that they receive fair treatment and protection against any unfair trade practices or deficiencies in service.
FACTS- A share purchase agreement was signed by Tata Sons Private Limited, Tata Tele Services Limited (TTSL), and NTT Docomo Inc. (“Docomo”), under which Docomo purchased some equity interests of TTSL from Siva Industries and Holding Ltd. A shareholders’ agreement (“SHA”) between the Applicant, TTSL, and Docomo set forth the rights, liabilities, and responsibilities of Docomo’s ownership of the shares of TTSL. The Respondents agreed to purchase TTSL’s shares on a pro rata basis in the event Docomo exercised its sale option under the SHA after the Applicant, TTSL, and Siva Industries executed an inter se agreement (the “Inter se agreement”), along with C. Sivasankaran, a foreign resident, promoter, and guarantor of Siva Industries. In accordance with the SHA, disputes occurred between Docomo and the Applicant, and the matter was referred to arbitration. In this arbitration, a decision was made ordering the applicant, among other things, to purchase Docomo’s stake in TTSL.
ISSUES- In this case, the Supreme Court had to decide on the following two issues: 1) Whether the time limit for passing an award as per the amended Section 29A of Arbitration Act will be applicable to ‘international commercial arbitration’. 2) Can the amended Section 29A of Arbitration Act be applied retrospectively.
RATIO– The Supreme Court ruled that the 12-month deadline for announcing an award set forth in Section 29A only applies to domestic arbitrations and not to international commercial arbitrations. The Court further determined that the caveat to Section 29A(1)’s requirement that awards be made within 12 months of the date that the pleadings were completed is not necessary.
By issuing this ruling, the Supreme Court has limited the scope of the time limit under the revised Section 29A of the Arbitration Act to domestic arbitrations while excluding the application of the time limit to international commercial arbitrations. This ruling implies that it limits the courts’ ability to intervene in international commercial arbitration in relation to any extension of deadlines. Additionally, this decision frees international arbitral institutions from being constrained by the statutory time restrictions and permits them to use their own independent mechanisms to keep track of deadlines and swiftly wrap up arbitration processes without the need for court intervention.
We are a law firm in the name and style of Law Offices of Kr. Vivek Tanwar Advocate and Associates at Gurugram and Rewari. We are providing litigation support services for matters related to Arbitration Law.
Written By- Adv. Vartika Chahal
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0-zero 7.a3 Be7. Right here Kasparov played 8.d5 exd5 9.cxd5 a couple of occasions early in his profession, growing his area advantage additional however falling behind in development.
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In a stronger tournament, the British Chess Affiliation Congress held at London 1885, he completed 4th with 10½/15, behind Isidor Gunsberg, Henry Edward Bird and Anthony Visitor.
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Recreation 7: Topalov allowed Anand to play 16.
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28.Bf1. ChessBase provides the perfect line as 28.Bf1 Qd1 29.Rh4 Qh5 (Black must sacrifice his new queen in order to stave off checkmate) 30.Nxh5 gxh5 31.Rxh5 Bf5 32.Bh3 Bg6 33.e6 Nxf6 34.gxf6 Qxf6 35.Rf5 Qxe6 36.Re5 Qd6, which is probably a draw.
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Pennsylvania and New Jersey, leading to 4 fatalities.
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After three unsuccessful attempts at gaining a bonus with 1.e4, Karjakin played 1.d4 for the first time within the match.
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One move after capturing the b7-pawn, nevertheless, Nepomniachtchi blundered a bishop with 27.c5?
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There can also be a slight change to the qualification for the Candidates Tournament: two gamers (relatively than one) are to be taken from the scores list, and the winner of the World Chess Cup 2009 qualifies, however the runner-up doesn’t.
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