Exclusive Jurisdiction Lies With Designated "Seat" Of Arbitration, Not Venue: Calcutta High Court

The High Court at Calcutta recently heard a case that revolved around the Arbitration and Conciliation Act, 1996, particularly addressing the issue of territorial jurisdiction concerning arbitration awards. The case concerned Versatile Construction, the appellant, and Tata Motors Finance Ltd., the respondent. The appellant challenged the award issued by an arbitrator in an arbitration proceeding initiated by the respondent under the Arbitration and Conciliation Act, 1996. The dispute in the…