Sunday, March 15, 2015

Vague terms in arbitration clause

Supreme Court rejected the prayer of a company to appoint an arbitrator in its dispute with another as the arbitration clause in the sales contract was vague.
The Supreme Court of India has held that in absence of independent evidence of corroborative nature, retracted statement of appellant could not constitute exclusive basis to determine culpability of appellant under section 9 of FERA.


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