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Delhi High Court Weekly Round-Up: May 13 To May 19, 2024

[Arbitration Act] Public Policy While Considering Enforcement Of Foreign Awards Has To Be Construed Narrowly, In Consonance With International Notions: Delhi High Court

The Delhi High Court bench of Justice Prateek Jalan held that the public policy argument while considering enforcement of foreign awards has to be construed narrowly and in consonance with.

[Arbitration Act] Enforcement Of Foreign Awards Should Be Declined On Composition Of Tribunal If Not Raised Before Tribunal Or Seat Court: Delhi High Court

[Arbitration Act] Enforcement Of Foreign Awards Should Be Declined On Composition Of Tribunal If Not Raised Before Tribunal Or Seat Court: Delhi High Court
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ioc: IOC acquires Mercator Petroleum for Rs 148 crore

Indian Oil Corporation (IOC) has acquired Mercator Petroleum for about Rs 148 crore in an insolvency proceeding. As per the resolution plan, the company will pay Rs 135 crore to secured financial creditors, who had admitted claims of Rs 291 crore.

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