Chennai, Feb. 19 -- The Madras High Court has upheld an arbitral award dated 21 November 2020 in relation to a commercial dispute arising out of an agreement for the organization & conduct of 2019 Pro Volleyball League, ordered Volleyball Federation of India (VFI) to pay dues amounting to over Rs. 7 Crores as on date to Baseline Ventures.
Passing the oders, Justice N Anand Venkatesh dismissed the petition filed by VFI under Section 34 of the Arbitration and Conciliation Act, 1996 challenging the award.
In its ruling, the court noted that the arbitrator's findings were based on a careful interpretation of contractual provisions, evaluation of evidence, and well-established legal principles governing arbitration.
With the dismissal of the ...