https://www.taxtmi.com/caselaws?id=759056 A non-signatory holding company can be bound by an arbitration agreement where its conduct shows a single composite commercial arrangement, including participation in negotiations, issuance of purchase orders, advance payments, and later confirmation of the transaction. In a composite supply and erection contract, the contractor's claim for the balance payable was treated as governed by Article 55 of the Limitation Act, and limitation ran from completion and expiry of the performance guarantee period; a written acknowledgment extended time only for the admitted liability. Counterclaims are independently tested for limitation, and claims for gear boxes and fan modules failed for want of acknowledgment. Rejection of a declaratory challenge to debit notes did not defeat the substantive monetary claim, and the award was not vulnerable to patent illegality, perversity, or public policy challenge. en-us Fri, 20 Sep 2024 00:00:00 +0530 Mon, 23 Sep 2024 10:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759056 A non-signatory holding company can be bound by an arbitration agreement where its conduct shows a single composite commercial arrangement, including participation in negotiations, issuance of purchase orders, advance payments, and later confirmation of the transaction. In a composite supply and erection contract, the contractor's claim for the balance payable was treated as governed by Article 55 of the Limitation Act, and limitation ran from completion and expiry of the performance guarantee period; a written acknowledgment extended time only for the admitted liability. Counterclaims are independently tested for limitation, and claims for gear boxes and fan modules failed for want of acknowledgment. Rejection of a declaratory challenge to debit notes did not defeat the substantive monetary claim, and the award was not vulnerable to patent illegality, perversity, or public policy challenge. Case-Laws Indian Laws Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759056