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Interpretation Of Contract Primarily A Matter For Arbitrator To Determine, Scope Of Section 34 Arbitration Act Limited: Delhi High Court - Vimarsana News

Interpretation Of Contract Primarily A Matter For Arbitrator To Determine, Scope Of Section 34 Arbitration Act Limited: Delhi High Court

A Division Bench of the Delhi High Court recently allowed restoration of an arbitral award, noting that it was not within the scope of the Single Judge u/s 34 of A&C Act to re-interpret the contract...

Source: livelaw.in
'Every Arbitrator May Not Be Legally Trained, Some Decisions Are Based On Equity' : Supreme Court Explains Scope Of Judicial Interference In Arbitral Awards - Vimarsana News

'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...

Source: livelaw.in
Justice And Fairness In Arbitration - An Overlooked Principle? - Vimarsana News

Justice And Fairness In Arbitration - An Overlooked Principle?

Arbitration is emerging as a powerful dispute resolution mechanism to address the challenges posed by hefty litigation costs and time-consuming legal proceedings in courts of law, thereby offering...

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 - Vimarsana News

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...

Source: livelaw.in
Award Can Be Said To Be Suffering From 'Patent Illegality' Only If It Is An Illegality Apparent On The Face Of It : Supreme Court - Vimarsana News

Award Can Be Said To Be Suffering From 'Patent Illegality' Only If It Is An Illegality Apparent On The Face Of It : Supreme Court

The Supreme Court observed that an award could be said to be suffering from “patent illegality” only if it is an illegality apparent on the face of the award and not to be searched out by way of...

Source: livelaw.in