'You Harass Shareholders': Supreme Court Directs Mediation In 34-Year-Old ITC Share Dispute

The Supreme Court on Thursday directed the parties to attempt mediation in a dispute concerning 85 ITC shares purchased by Prakash Chand Baid in 1989.A bench comprising Justices Aravind Kumar and Vipul M. Pancholi issued limited notice for the purpose of exploring mediation and directed the matter to be listed after four weeks.During the hearing, the bench questioned why the dispute concerning the shares had continued for so many years and urged the parties to make another attempt at resolving...

Supreme Court Upholds Bombay HC Order Referring Kirloskar Family Dispute To Arbitration

The Supreme Court has upheld the Bombay High Court's decision to refer to arbitration a dispute between Kirloskar Brothers Limited and members of the Kirloskar family arising from a Deed of Family Settlement dated September 11, 2009 (DFS). The DFS sought to formalise the separation of businesses and group companies among different branches of the family with Clause 20 containing an arbitration agreement.A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V....

Personal Guarantor Bound By Arbitration Clause In Loan Agreement Where Transaction Is Composite: Supreme Court

The Supreme Court on Tuesday ruled that an arbitration clause in a loan agreement can bind a personal guarantor even where the guarantee contains no separate arbitration clause. This applies where the guarantee is expressly integrated into the loan agreement as part of the same composite transaction.Allowing an appeal by the National Skill Development Corporation (NSDC) against Surya Wires Private Limited and others, the Court set aside the Delhi High Court's judgment upholding the deletion of...

Supreme Court Allows Adani To Enforce Coal Mining Contract Awards Against UPRVUNL If UCM Assets Fall Short

The Supreme Court has refused to interfere with a ruling permitting Adani Enterprises Ltd to pursue execution proceedings against Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd and other constituent entities of UCM Coal Company Ltd. It clarified, however, that Adani's claim must first be satisfied through UCM Coal Company's assets. Execution against the other entities can proceed only if any amount remains unpaid.A bench comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi and...

Supreme Court To Examine Arbitral Tribunal's Power To Grant Interim Monetary Relief On Disputed Claims

The Supreme Court on Tuesday, 1 September, said it would examine whether an arbitral tribunal can grant interim monetary relief on disputed claims under Section 17 of the Arbitration and Conciliation Act, 1996. A Bench of Justices P.S. Narasimha and Alok Aradhe issued notice on Larsen & Toubro Ltd.'s challenge to a Delhi High Court judgment which set aside an interim direction requiring India International Convention and Expo Centre Ltd. (IICECL) to release approximately Rs. 227 crore to...

Supreme Court Asks CJI To Consider Larger Bench To Examine Validity Of Pre-Deposit Clauses In Arbitration Agreements

The Supreme Court on Monday requested the Chief Justice of India to consider whether a larger Bench should examine the validity of contractual clauses requiring a party to deposit a percentage of its claim before invoking arbitration. The issue arose from a clause requiring the contractor in the present case to deposit 10% of its claim before the dispute could be referred to arbitration.A Bench of Justices Manoj Misra and Manmohan expressed doubts over the correctness of the three-Judge ruling...

Supreme Court Stays Bombay High Court Order Directing CDSL To Pay ₹86.02 Lakh To Investor

On 7 August, the Supreme Court stayed the operation of a Bombay High Court order that had upheld an arbitral award directing Central Depository Services (India) Limited (CDSL) to pay Rs. 86.02 lakh with interest to investor Daksha Narendra Bhavsar for losses arising from the transfer and pledge of her demat shares by BRH Wealth Kreators Limited. A Division Bench comprising Justices J.B. Pardiwala and K. Vinod Chandran issued notice on CDSL's Special Leave Petition, returnable on 10 September...

Supreme Court Upholds Interim Relief To Unsuccessful Arbitration Party In 'Rare, Compelling' Case

The Supreme Court on Tuesday upheld interim relief granted to an unsuccessful party in arbitration, finding that it had met the higher threshold required for post-award relief under Section 9 of the Arbitration and Conciliation Act, 1996.A bench of Justice K.V. Viswanathan and Justice Alok Aradhe upheld a Delhi High Court order directing National Projects Construction Corporation Ltd. (NPCC) to deposit ₹3.5 crore, which it had realised by invoking bank guarantees furnished by Ishvakoo (India)...

Supreme Court Replaces Justice Arun Mishra With Justice Sanjay Kishan Kaul As Arbitrator In Adani-RVUNL Dispute

The Supreme Court has recently replaced Justice Arun Mishra with former judge Justice Sanjay Kishan Kaul as sole arbitrator in a dispute between Adani-linked Parsa Kente Collieries Ltd. and Rajasthan Rajya Vidyut Utpadan Nigam Ltd. To that extent, the court has modified the Rajasthan High Court's July 3, 2026 order appointing Justice Mishra as the sole arbitrator.The dispute arises from their agreement for mining and supply of coal from the Parsa East and Kanta Basan blocks.A bench of Chief...

Supreme Court Refers Non-Signatory Consultant Shareholder To Arbitration In Share Acquisition Dispute

The Supreme Court has held that a non-signatory consultant-shareholder whose performance under a separate Share Purchase Agreement is fundamental to completing a Memorandum of Settlement (MoS) can be treated as a "veritable party" to the settlement's arbitration agreement. Allowing an appeal filed by KKH Finvest Private Limited and Sensorise Digital Services Private Limited, a Division Bench of Justice Sanjay Kumar and Justice Sanjeev Sachdeva observed, "it is clear that the performance of his...

Supreme Court Allows Centre To Withdraw SLP Against Vedanta In Rajasthan Oil Block Dispute

The Supreme Court on Wednesday permitted the Union of India to withdraw its special leave petition challenging a Delhi High Court judgment involving Vedanta's Rajasthan oil block after observing that the appeal had become infructuous in view of the subsequent final arbitral award. The dispute concerns the preparation of quarterly profit petroleum accounts under the Production Sharing Contract (PSC) governing the Rajasthan RJ-ON-90/1 oil block. The Delhi High Court on July 11, 2025 had...

Supreme Court Issues Notice On Prasar Bharati's Plea In Cricket Broadcast Rights Dispute With Stracon India

The Supreme Court on Friday issued notice on a Special Leave Petition filed by Prasar Bharati challenging a Delhi High Court judgment holding that it was contractually obliged to provide 135 days of international cricket under the Global Rights Agreement. The High Court had partly upheld an arbitral award in favour of Stracon India Ltd. while reducing the compensable shortfall from 17 days to seven. Pending adjudication of the petition, the Court permitted Stracon India Ltd to withdraw a...