Supreme Court suggests change in arbitration law
The Supreme Court last week suggested an amendment to the Arbitration and Conciliation Act to avoid unnecessary delay and additional expenses in this alternative dispute resolution mechanism. As the law stands, it allows piecemeal appeals against interim awards. The court prefers a consolidated appeal. The recommendation was made in its judgment, IFFCO vs Bhadra Products. In the dispute between IFFCO and Bhadra over a tender for defoamers, a retired Supreme Court judge was appointed arbitrator. He passed an interim order on the question of limitation.
This was challenged before the Orissa High Court
This was challenged before the Orissa High Court

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