The Supreme Court (SC) on Friday ruled that clauses allowing public sector undertakings (PSUs) to unilaterally appoint arbitrators to resolve disputes with private contractors are invalid.
As a result, PSUs will need to modify their contracts to comply with the judgment, which states that unilateral appointment clauses in public-private contracts violate Article 14 of the Constitution (right to equality).
This story is from the November 09, 2024 edition of Business Standard.
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This story is from the November 09, 2024 edition of Business Standard.
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