McDonald's has argued that the dispute with its Indian joint venture partner Vikram Bakshi should be referred to arbitration as per the clauses of their agreement.
The arbitration clause is present in almost 95 per cent of corporate agreements, according to tax and audit firm Ernst & Young.
"The moment we let technology take the driver's seat in the legal system, we begin to erode the public's faith in us and with it, the foundations of the rule of law," CJI Gavai added.
Differences between Bakshi, his wife and McDonald's India emerged in mid-2013.
InterGlobe Aviation, the parent of the country's largest airline IndiGo, will convene a shareholders' meeting on December 30 to amend the company's Articles of Association (AoA) following a joint request from its promoters. The promoters -- Rahul Bhatia and Rakesh Gangwal -- together with their related entities and individuals own 77.4 per cent stake in InterGlobe Aviation. In a regulatory filing on Monday, the company said it will convene an Extraordinary General Meeting (EGM) on December 30 to amend the AoA to remove restrictions on transfer of shares by the promoters.
Ekaterina Guliyev is set to lose the 800 metres silver medal she won for Russia at the 2012 Olympics after the Court of Arbitration for Sport (CAS) dismissed her appeal against a four-year doping ban.
The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
Bangalore-based Sasken Communication Technologies has lost a case to 3g.com in an international arbitration court, and has been asked to pay $1.15 million as damages for failing to supply products under the terms of a contract between them.
From bitter fights to dope shame, Indian Olympic team's tryst with controversies
Bakshi had moved the application under Section 9 of the Conciliation and Arbitration Act, dealing with foreign arbitration and foreign tribunals.
DoCoMo said it is uncertain whether Tata Sons will pay the awarded damages.
Vinesh Phogat received a grand welcome on her return to the country with hundreds of supporters gathering outside the Indira Gandhi International Airport.
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The Union government's offer of settling the retrospective taxation case with Cairn Energy may hinge on Vedanta withdrawing the ongoing arbitration from the Singapore Tribunal on the same issue. The government has offered to refund Cairn Energy Rs 7,900 crore that it had collected under the retrospective tax demand on fulfilment of certain conditions, including withdrawal of pending litigation and furnishing of an undertaking to the effect that no claim for cost, damages, interest, etc., would be filed. This condition is also part of the Taxation Laws (Amendment) Bill, 2021, passed by Parliament recently.
The parties have jointly applied to the Delhi high court, requesting that it accept their agreed terms of settlement, subject to such further orders as the court sees fit, it said.
Former Commonwealth Games gold-medallist Narsingh Pancham Yadav was elected chairman of the Wrestling Federation of India's Athletes' Commission in Varanasi on Wednesday, completing a process that was mandated by the sport's world governing body.
As Tata and DoCoMo look for out-of-court settlement, here's a blow-by-blow account of the long legal tussle
The issue will now have to be resolved through arbitration.
The total valuation of Tata Teleservices, according to the valuer, was only Rs 11,000 crore (Rs 110 billion), against the pre-agreed valuation of Rs 27,000 crore (Rs 270 billion).
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.
Pakistan's banned pace bowler Mohammad Asif has criticised the International Cricket Council (ICC) over his spot-fix suspension and has pleaded his innocence ahead of an appeal to the Court of Arbitration for Sport (CAS).
The estranged Indian partner of McDonald's, Vikram Bakshi, on Thursday offered buying out the US food major's stake in their joint venture Connaught Plaza Restaurants.
The plaintiffs sought to represent all dealers who entered into agreements with Global Vehicles to sell Mahindra vehicles in the United States.
The government, however, amended the tax laws with retrospective effect to undo the Supreme Court judgement and claim taxes.
'Following AIU charges based on LIMS data, Russian athlete Natalia Antyukh has been banned for the use of a Prohibited Substance/Method. DQ results from 15 July 2012 until 29 June 2013.'
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
She will replace US Supreme Court Judge Justice Brett Kavanaugh who was nominated by President Donald Trump for the top post.
Aniruddha Rajput, 33, is among the 34 individuals elected by the General Assembly as members of the International Law Commission, the UN organ tasked with the progressive development of international law and its codification.
"The athlete has challenged the imposition of the provisional suspension and the case has been referred to the Court of Arbitration for Sport - Anti-Doping Division," the ITA said.
On February 19, India's largest private low-fare airline IndiGo announced the resignation of one of the two founders, Rakesh Gangwal, from the airline's board and his intentions of offloading his stake in the airline over the next five years. The announcement came on a Friday, giving the stock markets the weekend to absorb the news but the markets registered a tepid response on Monday's opening. In contrast, in July 2019, when the fight between the two founders and erstwhile friends first became public, the markets reacted savagely. The IndiGo scrip at the time fell 19 per cent, wiping out millions of rupees of shareholder wealth before bouncing back. For readers who may be hazy on the details of the dispute, here is the context.
The Europa League champions were sanctioned in February for breaching rules regarding the international transfer and registration of players under 18. They were also fined 600,000 Swiss francs ($603,864.73).
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
Born to Zerin Rao anchooling fd Jehangir Narioshang Rao, both Parsi physicians from India, Rao grew up in Michigan and did her srom Detroit High School. She is married to Alan Lefkowitz and the couple has two children.
Olympic 400 metres champion LaShawn Merritt, cleared to run at the 2012 Games by a court ruling on Thursday having previously been barred for doping, said he would pull out all the stops to succeed in London.
China's top swimmer Sun Yang questioned the credentials of the testers before members of his entourage smashed vials containing his blood samples with a hammer. His eight-year ban rules him out of this year's Tokyo Games
The Court of Arbitration for Sport have rejected Japanese hammer thrower Koji Murofushi's appeal against the blocking of his election to the International Olympic Committee's Athletes Commission, CAS said on Wednesday.
American sprinter Tyson Gay's former coach has been suspended for eight years for doping violations, the US Anti-Doping Agency said on Wednesday.
Caster Semenya is not excited about the prospect of having her 2012 Olympic and 2011 world championships silver medals upgraded to gold in the wake of Mariya Savinova-Farnosova doping ban, the coach of the South African 800 metres athlete said on Sunday.
Cairn files notice against India in $1.6 billion tax dispute.
In her 'gender case' before the Court of Arbitration for Sports (CAS) in Lausanne, Switzerland, the world's top sports tribunal has suspended IAAF's Hyperandrogenism Policy, under which the AFI suspended Dutee from competitions in 2014.
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