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In the case of Mahanagar Telephone Nigam Ltd. v. Canara Bank & Ors. 2019- The Supreme Court held that a valid arbitration agreement is the foundation stone on which the entire edifice of the arbitral process is structured. The arbitration agreement need not be in any particular form. What is required to be ascertained is the intention of the parties to settle their disputes through arbitration. Further, the Court held that the meaning of a contract must be gathered by adopting a common-sense approach, and must not be allowed to be thwarted by a pedantic and legalistic interpretation. An ‘arbitration agreement’ is a commercial document inters partes and must be interpreted so as to give effect to the intention of the parties, rather than to invalidate it on technicalities. A non-signatory can be bound by an arbitration agreement on the basis of the “Group of Companies” doctrine, where the conduct of the parties evidences a clear intention of the 2 parties to bind both the signatory as well as the non-signatory parties.
Rural youth belonging to poor families are identified and trained for Self-employment in RSETIs. What does the “E” stand for in RSETIs?
Which of the following is not a qualitative characteristic of accounting information?
It is a special account that a firm prepares to show the distribution of profits/losses among the partners or shareholders. Name of such account is:
HDFC Bank is a systemically important Bank. As such, it has to maintain additional Common Equity Tier 1 of ________ as a percentage of its Risk-Weighted...
What does the term 'dividend yield' signify for an investor in the equity market?
Which of the following is true regarding the Insolvency and Bankruptcy Code (IBC) and its impact on insurance companies in India?
In which of the following locations is the international Gateway for SWIFT situated?
Name the risk which arises when bank’s image is not good and that leads to public’s loss of confidence in the bank.
In India, day count convention for Money Market is different from day count convention for Bond Market. The day count convention for Money market is _...
Consider the following Statements about the Sukanya Samriddhi Account and choose the option with correct Statements.
I- It was launched in 201...