Business Standard

From tax sops to liquor prohibition, key court orders from last week

Creation of new states is usually followed by litigation over tax liabilities of industrial units in the new territories

M J Antony 

Parent company stands outside arbitration A foreign group of companies cannot be made a party to a domestic commercial arbitration merely because its Indian constituent had a contract with a company here. If the foreign company was neither a signatory to the arbitration agreement nor did it have any causal connection with the process of negotiations or execution, it cannot be dragged to the arbitration.

The Supreme Court stated so in its judgment in Reckitt Benckiser (India) Ltd vs Reynders Label Printing India Ltd. There was an agreement between the two Indian firms under which the ...

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First Published: Sun, December 15 2019. 20:03 IST
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