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In the case of- PAM Developments Pvt. Ltd. v. State of West Bengal- The Supreme Court held that the Arbitration Act, 1996 mandates that parties to the arbitration are treated equally; No special treatment can be given to the government when considering an application for stay of the award. Sangyong Engineering & Construction Co. Ltd. v. National Highways Authority of India- In this case the Court clarified that under no circumstance can any Court interfere with an arbitral award on the ground that justice has not been done in the opinion of the Court. That would be an entry into the merits of the dispute which is contrary to the ethos of Section 34 of the 1996 Act. M/S Geo Miller & Co. Pvt. Ltd. v. Chairman, Rajasthan Vidyututpadan Nigam Ltd- The period during which the parties were bona fide negotiating towards an amicable settlement may be excluded for the purpose of computing the period of limitation for reference to arbitration under the 1996 Act.
Despite a decrease in agriculture exports, which position did India retain in global agriculture exports in 2023 according to the WTO?
BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the_______________________, based on the Unified Payments Interface (UPI).
Dubai opened the 'Infinity Bridge' for traffic for the first time. Why the bridge is named 'Infinity Bridge'?
What is the purpose of observing Swachhata Pakhwada in the Ministry of Railways?
The PM PRANAM scheme is associated with which sector?
Who was the Chairman of Hinduja Group and recently passed away in London?
Who is the first Indian swordsman to win a medal in the Asian Championships?
What is the underlying reason for SEBI's permission to allow stock brokers and clearing members to park client funds in mutual fund overnight schemes?
Which country won the Men’s Hockey World Cup 2023 title?
Which of the following statements is TRUE regarding the RBI's Prompt Corrective Action (PCA) framework for Urban Cooperative Banks (UCBs) effective from...