ArbitrationIndia
Delhi High Court | Petition for extension of Arbitral Tribunal’s mandate non-maintainable once Award is delivered and challenged; Tribunal becomes ‘functus officio’
The petitioner sought to be a fence sitter and waited for the Award to be passed and thereafter filed the present petition after a lapse of more than 9 months. In the meantime, the respondent already filed a petition under Section 34, and the Award has already been stayed on this aspect.
Delhi High Court releases Draft Arbitration Rules, 2023 for public feedback
Delhi High Court has unveiled the Draft Arbitration Rules, 2023, inviting public feedback until 05-07-2025. The draft aims at streamlining arbitration procedures and enhancing institutional efficiency, laying down comprehensive filing norms, encouraging institutional arbitration, and more.
OYO v Zostel | Delhi High Court sets aside Arbitral Award citing public policy violation and non-adjudication of core claims on unenforceable Term Sheet
The core dispute between OYO and Zostel arose from a Term Sheet dated 26-11-2015, which proposed OYO’s acquisition of Zostel’s business. While Zostel claimed to have fulfilled its obligations and sought specific performance, OYO argued the Term Sheet was non-binding and lacked enforceable terms.