The balco saga has finally ended with a supreme court judgment addressing the subject matter of the dispute in light of the prospective applicability as provided in the 2012 landmark judgment in the same case, the supreme court made its decision in line with the pre-balco arbitration regimethe supreme court clarified that a reference to a seat or a specified law governing the arbitration is. Bharat aluminum company limited (“balco”) v/s kaiser aluminum technical service, inc (“kaiser”) introduction existing position: in bhatia international v bulk trading sa & anr.
The bay area laboratory co-operative (balco) (1984–2003) was an american company led by founder and owner victor conte in 2003, journalists lance williams and mark fainaru-wada investigated the company's role in a drug sports scandal later referred to as the balco affair. The balco scandal was a scandal involving the use of banned, performance-enhancing substances by professional athletes the bay area laboratory co-operative (balco) was a san francisco bay area business which supplied anabolic steroids to professional athletes. In the balco disinvestment case, supreme court considered the complex questions relating to effect of disinvestment on the employees and workers and whether the questions of policy and administrative matters and decision can be heard by supreme court.
Read cnn's fast facts about balco, the lab that provided steroids to athletes, including baseball player barry bonds and track and field star marion jones. Facts of the case: the decision of the government of india to disinvest m/s bharat aluminum company limited, popularly known as balco was challenged by the employees of balco , state of chattisgarh (the state in which balco is located) and by some public spirited individuals before various high court and finally before the supreme court.
To this end, balco certainly lives up to the buzz and hype created in the international arbitration community after news broke out earlier this year that the indian supreme court was hearing a case that sought a reconsideration of its earlier decisions in bhatia international v. The case study looks at the issues relating to the disinvestment of bharat aluminum company (balco) by the government of india (goi) it discusses the incidents, which surfaced after the goi's decision to reduce its stake in balco to 49% and sell the majority holding to sterlite industries in february 2001, when goi announced the dis-investment deal of balco, hell broke loose.
Bharat aluminum company limited (“balco”) v/s kaiser aluminum technical service, inc (“kaiser”) introduction existing position: in bhatia international v bulk trading sa & anr (“bhatia international”) and venture global the court dissented with the observations made in bhatia international case and further. This agreement will be governed by the prevailing law of india and in case of arbitration, the english law shall apply judgment [balco ii] the court held that article 22 is clear in providing that the proper law of the contract is indian law. 1 balco employees union (regd) v union of india: case analysis introduction anjani nandan1 disinvestment of a company basically means the action of an organization or government selling or liquidating an asset or subsidiary.
The balco saga has finally ended with a supreme court judgment addressing the subject matter of the dispute in light of the prospective applicability as provided in the 2012 landmark judgment in the same case, the supreme court made its decision in line with the pre- balco arbitration regime.