Business Standard

From discharge voucher to penalty under CCI order, here're key court orders

The court asked the Railways to appoint an arbitrator and proceed with arbitration expeditiously as the contractors have waited for a long time for payment

A judge hitting gavel with paper at wooden table. (Photo: Shutterstock)
Premium

M J Antony
Perils of signing discharge vouchers

It is common for the employer to demand discharge vouchers from contractors before paying the final amount. But this could lead to bitter litigation, as the dues could still be disputed. Two such cases were decided by the Supreme Court last week with opposite results. The first case was an appeal of the Railways, which claimed that its contractors had signed discharge vouchers and therefore, there was no need for arbitration. However, the Supreme Court ruled that an arbitration agreement will stand even if the contractors accepted an amount and signed discharge certificates in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in