Modifying Arbitral Awards: Judicial Conundrum
The article analyzes the current legal framework surrounding the power to modify arbitral awards under Section 34 of the Arbitration Act.
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The article analyzes the current legal framework surrounding the power to modify arbitral awards under Section 34 of the Arbitration Act.
The article analyzes Sections 34 and 37 of the Arbitration Act and the power of the Courts to modify an Arbitral Award.
The Supreme Court recently referred to a larger bench the question of whether courts can modify arbitral awards under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996.
The article analyzes the Bombay High Court's dismissal of an appeal under Section 37 of the Arbitration Act in Azizur Rehman v. Radio Restaurant.
The Court expressed concern that arbitration in India is being burdened by increasing judicial interference at every stage, which demotes India’s standing as a business-friendly destination.