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august 1992

Supreme Court of India · 1992-08-14

RESERVE BANK OF INDIA vs S.S. INVESTMENTS .

Citation / case number
SC 1991/77795
Court
Supreme Court of India
Petitioner
RESERVE BANK OF INDIA
Respondent
S.S. INVESTMENTS .
Author
BHARUCHA S.P.
Bench
BHARUCHA S.P.

Judgment text excerpt

The Supreme Court held that under the Arbitration Act, 1940, specifically Sections 3 and 8, the absence of joint deliberations between arbitrators does not invalidate their awards. The Court ruled that parties to arbitration are not required to know if joint consultations occurred, and in cases of disagreement, the Umpire is entitled to enter upon the reference. The appeal was allowed, overturning the High Court's decision which had deemed the awards invalid due to lack of joint deliberation.

RESERVE BANK OF INDIA vs S.S. INVESTMENTS . · Niyam