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A case in point is the recent decision of a three Judge Bench of the Supreme Court of India in BGS SGS Soma JV vs. NHPC Ltd. [2019 SCC Online SC 1585] that the ‘venue’ of arbitration designated in the arbitration agreement between the parties is really the ‘seat’ of the arbitral proceedings.
28 Οκτ 1993 · At any rate, it is conceded that JAL had not admitted that any amount was due to NHPC and it was, thus, impermissible for NHPC to claim a set off against its unadjudicated claims. A party can set off any amount due to another party against a debt owed by the other party.
7 Φεβ 2020 · The saga of designating seat and venue in an arbitration clause continues with the notable judgement in BGS SGS SOMA JV vs. NHPC Limited passed by three-judge bench of the Hon’ble Supreme Court...
16 Ιουλ 2022 · The judgment in BGS SGS SOMA 1, as also other judgments referred to above, holding that a choice of seat of arbitration confers exclusive jurisdiction on the courts of the city where the seat is situated, are erroneous, and ought to be reviewed.
In a nutshell, the judgment of the Supreme Court (‘SC’) in BGS-SGS SOMA JV v. NHPC Limited - 2019 SCC OnLine SC 1585 (hereinafter referred to as ‘Judgment’)[1] reconciles various precedents and determines the weight ascribed to the ‘seat’ in determining territorial jurisdiction in arbitration matters.
4 ημέρες πριν · NHPC Limited is an India-based company, which is primarily engaged in the generation and sale of bulk power to various power utilities. The Companyâ s other business activities include project management / construction contracts/ consultancy assignment services and trading of power.
25 Οκτ 2024 · See the latest NHPC Ltd stock price (NHPC:XNSE), related news, valuation, dividends and more to help you make your investing decisions.
