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B.K.GUPTA... (ADVISOR)     09 September 2012

Arbitration-sc-constitution bench-6.9.12

The Constitution Bench on 6.9.12 held:

  "   The judgment in Bhatia International (supra) was rendered  by  this
Court on 13th March, 2002.  Since then,  the  aforesaid  judgment  has  been
followed by all the High Courts  as  well  as  by  this  Court  on  numerous
occasions.  In fact, the judgment in Venture Global Engineering (supra)  has
been rendered on 10th January, 2008 in terms of the ratio  of  the  decision
in Bhatia International (supra).  Thus, in order to do complete justice,  we
hereby  order,  that  the  law  now  declared  by  this  Court  shall  apply
prospectively, to all the arbitration agreements executed hereafter."
 



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