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Indian Laws - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

International Arbitral award - The Arbitral Tribunal has only ...


Arbitral Tribunal orders sellers to reimburse buyers half the price; decision aligns with Indian public policy.

March 26, 2013

Case Laws     Indian Laws     SC

International Arbitral award - The Arbitral Tribunal has only awarded reimbursement of half the price paid by the buyers to the sellers and, therefore, the award cannot be held to be unjust, unreasonable or unconscionable or contrary to the public policy of India. - SC

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