Gujarat HC Invalidates Arbitral Awards Due to One-Sided Appointment of Arbitrator

Recently, the Gujarat High Court has invoked its jurisdiction under Articles 226 and 227 of the Constitution of India to set aside arbitral awards in three cases where sole arbitrators were unilaterally appointed by non-banking financial companies (NBFCs). The decision came in the case where petitioners had availed financial assistance from the NBFCs but failed

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