Nov 9, 09:10 AM

Supreme Court Invalidates Unilateral Arbitrator Appointments in Public Contracts on Friday

The Supreme Court of India has ruled that clauses allowing public sector undertakings (PSUs) to unilaterally appoint arbitrators in disputes with private contractors are invalid. This decision, made on Friday, curbs the power of PSUs in public-private contracts and aims to ensure fair arbitration processes. The ruling was made in response to multiple cases, including Lifeforce Cryobank Sciences Inc vs. Cryoviva Biotech Pvt. Ltd. (Arbitration Petition No. 15/2018) and Ramkrishna Medical College Hospital & Research Centre vs. State of Madhya Pradesh (Civil Appeal No.______ of 2024).

#Supreme Court of India #Lifeforce Cryobank Sciences Inc #Arbitration Petition #State of Madhya Pradesh #Civil Appeal

Written with ChatGPT (GPT-4o).

Sources

Economic Times@EconomicTimes
2 years ago
#SC holds #unilateral #arbitrator #appointment clauses in #public-#private #contracts invalid https://t.co/XjZNQsHoUD
Latest Supreme Court Judgments@SCJudgments
2 years ago
07/11/24 - M/s. Arif Azim Co. Ltd. Vs. M/s. Micromax Informatics FZE [Arbitration Petition No. 31 of 2023]: https://t.co/9jk57hu6kB #Arbitration #SupremeCourt
Business Standard@bsindia
2 years ago
The Supreme Court on Friday ruled that clauses allowing PSUs to unilaterally appoint arbitrators to resolve disputes with private contractors are invalid. https://t.co/7MQay78mSE

Supreme Court Invalidates Unilateral Arbitrator Appointments in Public Contracts on Friday

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