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Apex Court strikes down provision related to ‘automatic stay’ on arbitral awards

November 28, 2019[2019] 111 taxmann.com 468 (SC)
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COMPANY LAW/ARBITRATION ACT: Supreme Court strucks down insertion of section 87 (providing for automatic stay of arbitral award when challenge is made under section 34) into Arbitration and Conciliation Act, 1996 by Arbitration and Conciliation (Amendment) Act, 2019 as being manifestly arbitrary under article 14 of Constitution

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