Clause Restricting Interest on Delayed Payments Alone Cannot Bar Pendente-Lite Interest Background of the Case Parties & Dispute: ONGC (Oil and Natural Gas Corporation Ltd.) challenged an arbitral award in which an arbitral tribunal had granted pendente-lite interest—interest accruing during the arbitral proceedings—to M/s G & T Beckfield Drilling Services. Contractual Clause: Clause 18.1 in..

Empowering Buyers, Strengthening Developers Introduction: The RERA Revolution The Real Estate (Regulation and Development) Act, 2016 (RERA) has fundamentally reshaped the Indian real estate sector. By bringing transparency, accountability, and efficiency, it has empowered homebuyers while streamlining operations for developers. Key Provisions of RERA Mandatory Registration: All qualifying projects (500 sq. meters+ or 8+ apartments)..

The Supreme Court in Amar Nath v. Gian Chand & Ors.[1] recently examined whether production of the original Power of Attorney (“POA”) is mandatory before the Registering Authority for execution of a sale deed under the Registration Act, 1908 (“Act”). The judgment clarifies the scope of Sections 32 and 33 of the Act, and reiterates..