NCLT Approves the Delisting of ICICI Securities: A Significant Market Move
In a pivotal corporate development, the National Company Law Tribunal (NCLT) has officially sanctioned the delisting of ICICI Securities' shares. This decision comes as a strategic maneuver by the parent company, ICICI Bank, which seeks to consolidate its holdings and potentially streamline its operations. The approval, however, has had immediate effects on the market, with ICICI Securities witnessing a substantial dip in its stock value.
Gauhati High Court Writ Jurisdiction in the Context of Arbitration Agreements
The Gauhati High Court recently tackled the intricate question of whether a writ petition under Article 226 of the Indian Constitution can be maintained in the presence of an arbitration agreement. The court reaffirmed the principle that arbitration is a preferred mode of dispute resolution in contractual matters, as it offers specialized and efficient adjudication. However, the court also recognized exceptions, particularly where there are public law elements involved or the issue affects public policy
Bombay High Court Enforces Arbitration Agreements Amidst Jurisdictional Conflicts
In a significant judgment, the Bombay High Court tackled jurisdictional challenges in enforcing arbitration agreements in the case Ambrish H. Soni v. Chetan Narendra Dhakan (2024 BHC OS 10501). This decision sheds light on the interaction between contractual terms and jurisdictional claims in arbitration disputes.
J&K High Court Clarifies Interim Compensation Under Section 143A of NI Act
In a landmark judgment, the Jammu & Kashmir High Court has ruled that interim compensation under Section 143A of the Negotiable Instruments Act, 1881 (NI Act) cannot be granted unless the accused pleads guilty to the accusation. This ruling provides crucial clarity on the handling of interim compensations in cheque bounce cases.
Delhi High Court Clarifies Arbitrator Appointment in Time-Barred Claims!
In a recent decision, the Delhi High Court, presided by Justice Anup Jairam Bhambhani, emphasized that the determination of whether arbitration claims are time-barred should ideally be left to the arbitral tribunal. This was highlighted in the case where Capri Global Capital Limited (Petitioner) filed a petition under Section 11 of the Arbitration & Conciliation Act, 1996, seeking the appointment of a Sole Arbitrator to resolve disputes with Ms Kiran (Respondent) arising from a Facility Agreement.
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