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Tag Archives: 1986

Is Section 34(5) Of The Arbitration Act Mandatory Or Directory: Supreme Court Interpretation

BACKGROUND This instant appeal arose out of an arbitral award passed on 06.01.2016. The award debtor in the instant case, (“Appellant”) challenged the said award by filing an application under Section 34 of the Arbitration and Conciliation Act, 2015 (“Act”) before Patna High Court. The Court issued a notice to …

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Delayed Delivery Of Possession Will Attract Higher Interest And Compensation Cost Than Offered In The Contract: NCDRC

Bringing a sigh of relief to many, the National Consumer Disputes Redressal Commission (NCDRC) in an order ruled that the builder cannot hide behind the clause in the builder-buyer agreement to pay Rs. 5 per square feet per month as compensation for delay in handing over the property to the buyer. A …

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