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Bombay HC Reinforcing Arbitral Autonomy in Real Estate Development Contracts

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Judgment dated 12.12.2025 of the High Court of Bombay in Commercial Arbitration Petition No.519 of 2017 of Bombay Textile Research Association  Vs.   Nilkanth Enterprise

 

BTRA has property of 57,195 sq.mts of land at Ghatkopar (West), Mumbai, reserved for textile research.  Respondent expressed its interest to purchase and develop the said property at Rs.53.50 crores.

 

By the Arbitral Award dated 5.8.2017, the specific performance of Development Agreement was granted.

 

Bombay HC Reinforcing Arbitral Autonomy in Real Estate Development Contracts

Bombay HC Upholds Arbitral Award for Specific Performance of Development Agreement Disputes

Bombay HC – Arbitral Award for Specific Performance is legal when negotiations and documents establish a binding agreement.

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