Topic
The Supreme Court ruled that an indemnity obligation under a consent award is enforceable upon any liability imposed by a forum, such as a court-ordered deposit, without waiting for final appellate confirmation. This interpretation invalidates judicial delay tactics and reinforces strict adherence to contractual indemnity clauses in commercial disputes.
Bombay HC clarifies that parties can seek interim relief under Section 9 of the Arbitration Act even after initiating enforcement proceedings for foreign awards. The ruling rejects the contention that enforcement and execution petitions under Part II preclude Section 9 jurisdiction, ensuring continued protection for award creditors during enforcement.
Punjab & Haryana High Court rules that a valid arbitration agreement under Section 8 of the Arbitration and Conciliation Act must be enforced even if the borrower files an injunction suit. The court clarifies that parallel civil proceedings do not override contractual arbitration rights, reinforcing the primacy of arbitration clauses in commercial disputes.