BALCO definition
Examples of BALCO in a sentence
The 2015 Amendment abrogates the case law laid down in BALCO to a limited extent as it expressly provides that, even in relation to an international commercial arbitration with a foreign seat, a party can seek appropriate interim relief from the Indian courts under Section 9 of the Indian Arbitration Act.
Ardent Services VI, LLC US Virgin Islands 100% Ardent Offshore Services, LLC BALCO, Inc.
Kaiser Aluminium and Co. (BALCO), in which it held that Part I of the Indian Arbitration Act (including Section 9 governing interim relief) did not apply to any foreign seated arbitration.
Since, service this quite, the arbitration agreements were entered into, and awards too were rendered during the prevalence of Bhatia International principle, the decision passed in BALCO or first subsequent judgment could neither be applied.
Surviving Indemnity means any Grantor Leaseback Obligation in the nature of an indemnity or hold harmless by the Grantor in favor of BALCO or any Lessor arising under or pursuant to any Operative Document which by its terms survives the termination of the Operative Documents and the payment of all Grantor Leaseback Obligations, other than those in the nature of an indemnity or hold harmless, due thereunder.