Apex Court strikes down provision related to ‘automatic stay’ on arbitral awards

Arbitration Act : Supreme Court strucks down deletion of section 26 of Arbitration and Conciliation (Amendment) Act, 2015 together with insertion of section 87 into Arbitration Act, 1996, (providing for automatic stay of arbitration awards) by section 13 of Arbitration and Conciliation (Amendment) Act, 2019 as being manifestly arbitrary under Article 14 of Constitution of India

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