he Hon’ble NCLAT accordingly held that the total amount for maintainability of claim would include the principal debt amount as well as the interest on delayed payment, which was also clearly stipulated in the invoice.
E-Pharmacies – Indian v. Global perspectives
Introduction The Indian pharmaceutical market is the 3rd largest in the world by volume and 13th largest in terms of value. It has an estimated value of 41 Billion USD. India is the largest provider of generic drugs, one of the largest suppliers of low-cost vaccines and has provided access to affordable HIV treatment. India accounts for... Continue Reading →
Unilateral Appointment of Arbitrators in India: An analysis
The Court held that appointment of an arbitral tribunal can either be with consent or parties or by an order of the court, there can be no third way.
Agreements in Restraint of Legal Proceedings – An Overview
The provision is practical and not pedantic in that agreements restricting enforcement of rights through arbitration is not considered a violation of this section. Also, agreements restricting parties from enforcing the contract through any other court other than the court to which exclusive jurisdiction has been conferred under the contract are considered valid.
ARE YOU AN “UNDERTAKING” UNDER THE MOTOR TRANSPORT WORKERS ACT?
As a newly found transport company, have you also wondered whether the Motor Transport Workers Act applies to your organization? Are you, as a team of entrepreneurs, also uncertain whether the definitions within the Act include your company too? In this article, we shall look at the major definitions within the Motor Transport Workers Act... Continue Reading →