Yearly Legal Updates on Arbitration, 2024 - Part 2 of 3

In Bombay Slum v. Samir Bhojwani: SC ruled that a Division Bench under Section 37 can remand cases to a Single Bench under Section 34 in rare cases like summary disposals or proceedings without respondent notice.

In Khosla v. Union of India: SC clarified that post-award interest applies only to the principal amount, not pre-award accrued interest, unless explicitly stated, adhering to the Interest Act's bar on interest on interest.

In DLF Ltd. v. Koncar Generators: SC held foreign exchange rates for awards should align with deposit withdrawal dates or when Section 48 objections are resolved, ensuring fairness in enforceable awards.

In Rohan Builders v. Berger Paints: SC upheld that Section 29A(4) applications for time extension are valid even after the award deadline if justified by sufficient cause.

In Ajay Patel v. Jyotrindra Patel: Allahabad HC ruled that tribunals, not referral courts, decide if non-signatories are bound by arbitration agreements under Section 16.