AIROnline 2024 SC 643
Supreme Court Of India
(From : Punjab And Haryana)
Pamidighantam Sri Narasimha,
Pankaj Mithal
, JJ
(A) Arbitration and Conciliation Act (26 of 1996) , S.34, S.37— Arbitral award – Setting aside by APPellate Court – Legality – Award was based upon evidence and was reasonable – Award was not found to be against public policy of India or the fundamental policy of Indian law or in conflict with the most basic notions of morality and justice – Award was not against any substantive provision of law or the Act. – Award was rightly upheld by the court exercising powers under S. 34 of the Act – View of the APPellate Court was a better view than the view taken by the arbitral tribunal, could not be a ground to set aside the award – Arbitral award was restored.
Judgment and order Dt. 10.01.2017 (P and H)-Reversed
(Para 16
22
23)
(B) Arbitration and Conciliation Act (26 of 1996) , S.34, S.37— Arbitral award – Interference by APPellate Court – Scope of – Explained.
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Intervention of the court in arbitral matters is virtually prohibited, if not absolutely barred and the interference is confined only to the extent envisaged under S. 34 of the Act….
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