Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Arbitrator's award set aside u/s 34 of Arbitration and Conciliation Act, 1996 due to lack of evidence regarding claimant's readiness to supply materials, arbitrator acting beyond jurisdiction by awarding components barred by agreement between parties, and patent illegality. HC held that arbitrator being creature of contract is bound by agreement's terms, and award violating contractual bar is beyond jurisdiction requiring court's interference. Impugned arbitral award dated September 24, 2020 set aside, application allowed.
Arbitrator's award set aside u/s 34 of Arbitration and Conciliation Act, 1996 due to lack of evidence regarding claimant's readiness to supply materials, arbitrator acting beyond jurisdiction by awarding components barred by agreement between parties, and patent illegality. HC held that arbitrator being creature of contract is bound by agreement's terms, and award violating contractual bar is beyond jurisdiction requiring court's interference. Impugned arbitral award dated September 24, 2020 set aside, application allowed.
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