Notably, the Karnataka High Court also flagged the need for more clarity in the law as to the stage at which the arbitral award ought to be stamped, if it all this has to be done.
The Calcutta High Court recently highlighted that arbitral awards passed by an arbitrator appointed unilaterally, that is, only by one of the parties to the arbitral dispute, are void and unenforceable in law.
The Supreme Court on Friday expressed anguish in an arbitration case in which the arbitral award passed in 1992 remained pending for execution despite passage of more than 30 years.