Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
SC allowed the appeals filed by the Appellant, set aside the arbitral award dated 27.04.2022 (corrected 26.07.2022) and quashed the judgments/orders of the high court, and dismissed the appeals by the Respondents. The Court held the arbitrator exceeded jurisdiction by effectively rewriting contract terms and applying a post-hoc policy, rendering the award patently illegal and in conflict with public policy. The award was set aside under s.34(2A) and s.34(2)(b)(ii) of the Arbitration and Conciliation Act, 1996, the errors constituting a breach of fundamental principles of justice that could not be cured by merits review.
SC allowed the appeals filed by the Appellant, set aside the arbitral award dated 27.04.2022 (corrected 26.07.2022) and quashed the judgments/orders of the high court, and dismissed the appeals by the Respondents. The Court held the arbitrator exceeded jurisdiction by effectively rewriting contract terms and applying a post-hoc policy, rendering the award patently illegal and in conflict with public policy. The award was set aside under s.34(2A) and s.34(2)(b)(ii) of the Arbitration and Conciliation Act, 1996, the errors constituting a breach of fundamental principles of justice that could not be cured by merits review.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
