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'Every Arbitrator May Not Be Legally Trained, Some Decisions Are Based On Equity' : Supreme Court Explains Scope Of Judicial Interference In Arbitral Awards

The Supreme Court Bench comprising Justice Sanjiv Khanna and Justice M.M. Sundresh, has held that while setting aside an arbitral award for being violative of Section 28(3) of the Arbitration and...
Supreme Court High Court Delhi Development Authority Division Bench Of High Court Arbitration Act Division Bench
Source: livelaw.in

Clause Prohibiting Payment Of Interest On Delayed Payments, Doesn't Prohibit Arbitrator From Granting Interest Under S. 31(7) Of The Act: Delhi High Court

The Delhi High Court has ruled that a clause in a contract that prohibits payment of interest on delayed payments, does not prohibit the arbitrator from granting interest under Section 31(7) of the...
Justice Manoj Kumar Supreme Court Reliance Cellulose Products Ltd Trial Court Delhi High Court Municipal Corporation Of Delhi
Source: livelaw.in

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