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
Hi there just wanted to give you a quick heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.
I am typically to running a blog and i really respect your content. The article has really peaks my interest. I am going to bookmark your web site and hold checking for brand new information.
I like what you guys are up too. Such intelligent work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my website 🙂
It is indeed my belief that mesothelioma can be the most fatal cancer. It’s got unusual properties. The more I actually look at it the more I am certain it does not act like a real solid human cancer. If mesothelioma is often a rogue viral infection, hence there is the probability of developing a vaccine along with offering vaccination to asbestos subjected people who are vulnerable to high risk involving developing future asbestos related malignancies. Thanks for sharing your ideas for this important ailment.
Hello there, I discovered your site via Google even as looking for a similar topic, your web site got here up, it seems good. I have bookmarked it in my google bookmarks.
Fantastic goods from you, man. I’ve remember your stuff prior to and you are just too fantastic. I actually like what you have acquired here, certainly like what you’re saying and the best way in which you are saying it. You are making it enjoyable and you still care for to stay it sensible. I cant wait to read far more from you. That is actually a great web site.
Thanks for discussing your ideas here. The other factor is that each time a problem appears with a pc motherboard, folks should not go ahead and take risk with repairing it themselves for if it is not done right it can lead to irreparable damage to the full laptop. Most commonly it is safe just to approach any dealer of a laptop with the repair of that motherboard. They’ve got technicians that have an knowledge in dealing with notebook motherboard issues and can get the right prognosis and accomplish repairs.
I have viewed that sensible real estate agents almost everywhere are starting to warm up to FSBO ***********. They are realizing that it’s not just placing a sign in the front place. It’s really concerning building associations with these retailers who sooner or later will become buyers. So, whenever you give your time and energy to helping these suppliers go it alone : the “Law connected with Reciprocity” kicks in. Thanks for your blog post.
Thank you for another informative website. Where else could I get that kind of information written in such an ideal way? I have a project that I am just now working on, and I have been on the look out for such info.
One thing is that while you are searching for a education loan you may find that you will want a cosigner. There are many situations where this is correct because you will find that you do not have a past credit standing so the financial institution will require you have someone cosign the loan for you. Interesting post.
One thing I’ve noticed is that often there are plenty of misguided beliefs regarding the financial institutions intentions any time talking about home foreclosure. One delusion in particular is always that the bank prefers to have your house. The bank wants your dollars, not your home. They want the funds they loaned you with interest. Averting the bank will undoubtedly draw a foreclosed summary. Thanks for your post.
I think that a foreclosure can have a important effect on the client’s life. House foreclosures can have a 7 to ten years negative affect on a borrower’s credit report. A new borrower who have applied for a home loan or virtually any loans as an example, knows that the worse credit rating is actually, the more complicated it is to obtain a decent financial loan. In addition, it can affect a new borrower’s chance to find a quality place to let or rent, if that gets the alternative real estate solution. Great blog post.
Somebody essentially help to make seriously posts I would state. This is the very first time I frequented your website page and thus far? I amazed with the research you made to create this particular publish amazing. Excellent job!