In 2020, Siti Broadband had availed of a loan of Rs 5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.
Starting Point Of Limitation U/ Section 34(3) Arbitration Act In Cases Of Suo Motu Correction Of Award: Supreme Court ExplainsThe Supreme Court observed that the starting point for the limitation.
By vesting the authority to decide on a group of companies with the arbitral tribunal, the Supreme Court has given greater powers to the process of arbitration, say experts, and also removes any confusion on who can be party to a dispute
The group of companies doctrine is used to bind a non-signatory company within a group to an arbitration agreement which has been signed by another member of the group