SC: PSUs can’t unilaterally appoint sole arbitrators
Friday, 8 November 2024 ()
The Supreme Court ruled that government-run PSUs cannot unilaterally appoint sole arbitrators or use curated panels for disputes with contractors. This decision, based on the principle of equal treatment, deems such clauses unconstitutional and emphasizes fairness in arbitration proceedings.
The Supreme Court ruled that government-run PSUs cannot unilaterally appoint sole arbitrators or use curated panels for disputes with contractors. This decision, based on the principle of equal treatment, deems such clauses unconstitutional and emphasizes fairness in arbitration proceedings.
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