The Supreme Court in its judgment in the case of PASL Wind Solutions Pvt. Ltd. v. GE Power Conversion India Pvt. Ltd., has settled the issue of Indian Parties electing Foreign Seat of Arbitration.
Watch now #Explainer by Vasanth Rajasekharan, Partner, Phoenix Legal explaining the issue of Indian Parties and Foreign Seat of Arbitration. He takes us through the various provisions of the Arbitration and Conciliation Act by focussing on the 1st and the 2nd Parts of the Act. And explains the law as regards the seat of Arbitration in India currently.
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