https://www.taxtmi.com/caselaws?id=108943 An arbitral decision must state reasons under section 31(3) of the Arbitration and Conciliation Act, 1996 unless the parties agree otherwise or the award is on agreed terms; that requirement is mandatory and goes to the validity of the award. A document styled as an award but lacking reasons does not satisfy the statutory definition of an arbitral award, so it is outside the scope of section 34, which applies only to arbitral awards. Section 34(4) cannot cure the absence of reasons because it operates only in relation to a valid award capable of limited correction. Accordingly, a non-speaking arbitral decision cannot be set aside or remitted under those provisions. en-us Fri, 22 Mar 2002 00:00:00 +0530 Thu, 05 Apr 2012 10:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108943 An arbitral decision must state reasons under section 31(3) of the Arbitration and Conciliation Act, 1996 unless the parties agree otherwise or the award is on agreed terms; that requirement is mandatory and goes to the validity of the award. A document styled as an award but lacking reasons does not satisfy the statutory definition of an arbitral award, so it is outside the scope of section 34, which applies only to arbitral awards. Section 34(4) cannot cure the absence of reasons because it operates only in relation to a valid award capable of limited correction. Accordingly, a non-speaking arbitral decision cannot be set aside or remitted under those provisions. Case-Laws Companies Law Fri, 22 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108943