https://www.taxtmi.com/caselaws?id=392362 A challenge to an ICC arbitral award under the Arbitration and Conciliation Act, 1996 was not interfered with, and the appeal was disposed of on the basis of consent terms recorded by the Court. The parties placed a settlement covering revised payment obligations, dues to NOIDA, and a deposit-and-release schedule, with undertakings from the parties and the purchaser making the commercial arrangement binding. Default consequences were expressly preserved, and the challenge to the award was rejected in terms of the agreed settlement. en-us Tue, 18 Feb 2020 00:00:00 +0530 Wed, 19 Feb 2020 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392362 A challenge to an ICC arbitral award under the Arbitration and Conciliation Act, 1996 was not interfered with, and the appeal was disposed of on the basis of consent terms recorded by the Court. The parties placed a settlement covering revised payment obligations, dues to NOIDA, and a deposit-and-release schedule, with undertakings from the parties and the purchaser making the commercial arrangement binding. Default consequences were expressly preserved, and the challenge to the award was rejected in terms of the agreed settlement. Case-Laws Indian Laws Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392362