A. Background On 21.05.2021, the Hon’ble Supreme Court of India, pronounced its judgment in Lalit Kumar Jain vs. Union of India & Ors. on the vires and validity of a Notification dated 15.11.2019 (hereinafter “impugned notification”) issued by the Government…
Introduction Globally, arbitration is the most convenient and preferred mode for the resolution of commercial disputes since it offers a timely resolution of disputes, procedural flexibility, confidentiality, neutrality and most importantly, the execution of arbitral awards in countries that are…
Section 16 of the Indian Arbitration & Conciliation Act, 1996 (‘the Act’) provides for the principle of separability, as per which an arbitration clause enshrined in a contract is considered a separate agreement in itself. India is gearing up to…