The Prevention of Corruption Act penalises public servants when they accept a property without consideration or inadequate consideration from persons with whom they have or are likely to have dealings in their official capacity.
Chief Justice of India N.V. Ramana on Tuesday said the courts in India assist and support arbitration and leave substantive part of adjudication to arbitral tribunals.
Speaking at the annual meet of Indo-German Chamber of Commerce, Chief Justice Ramana emphasised that Indian courts not only have a pro-arbitration stance but also possess absolute independence and the constitutional strength to treat all parties, including foreign entities, equally and equitably
Chief Justice of India NV Ramana on Tuesday suggested that the Institutional Arbitration Centres functioning across the world collaborate and form a united Council or Confederation to create a level-playing arbitration arena across the world.
Chief Justice of India (CJI) NV Ramana on Tuesday said that the Indian Courts are pro-arbitration and they assist and support arbitration by leaving the substantive part of adjudication to the arbitral tribunal.