Articles and Updates

Execution Of Foreign Decree In India: Supreme Court Settles Law On The Limitation Period
  • Vasanth Rajasekaran, Saurabh Babulkar and Reshma Ravipati - 19-03-2020

Supreme Court in the recent judgment of Bank of Baroda v. Kotak Mahindra Bank Ltd. has discussed the evolving international jurisprudence on the law of limitation. Phoenix Legal analyze the findings recorded in the judgment, and the limitation period applicable to the execution of foreign decrees in India.

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Draft framework for retail payment systems operators
  • Sawant Singh, Aditya Bhargava and Shristo Yadav - 17-03-2020

In a move that reflects well-reasoned foresight, on 10 February, the Reserve Bank of India (RBI) released a draft framework for the establishment of new retail payment systems operators.

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Limitation Period For Applications Under Section 8 Of The Arbitration Act: How Late Is Too Late?
  • Vasanth Rajasekaran and Reshma Ravipati - 12-03-2020

A recent judgment of the Delhi High Court in SSIPL Lifestyle Pvt. Ltd. v. Vama Apparels (India) Private Ltd. & Anr., wherein limitation on the filing of applications under Section 8 of the Arbitration and Conciliation Act, 1996 has been discussed.

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Enforcement Of Foreign Arbitral Awards: Supreme Court Promotes A "Minimal Interference" Approach
  • Vasanth Rajasekaran and Reshma Ravipati - 28-02-2020

The current judicial climate in India fosters a "minimal interference" model for courts, when it comes to matters of arbitration. Be it domestic or international arbitrations, the Supreme Court is making every effort to ensure that courts do not interfere with the arbitral process, without good reason.

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India: Enforcement Of Foreign Arbitral Awards: Supreme Court Promotes A
  • Vasanth Rajasekaran and Reshma Ravipati - 28-02-2020

The current judicial climate in India fosters a "minimal interference" model for courts, when it comes to matters of arbitration. Be it domestic or international arbitrations, the Supreme Court is making every effort to ensure that courts do not interfere with the arbitral process, without good reason. India is therefore bringing its arbitration regime in line with international practice, which over the years has radically shifted in favour of respecting and preserving the autonomy of the arbitral process.

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