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    <title>ARBITRAL AWARD, ITS FINALITY AND ENFORCEMENT</title>
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    <description>An arbitral award must be written, signed, dated and located as required, state reasons unless waived, and normally comprise preamble, findings, submissions and conclusions. The tribunal may award interest and costs, and deliver a signed, stamped copy to parties. The award is final and binding subject to statutory, time-limited correction, interpretation, additional award and setting-aside procedures; an admitted setting-aside application suspends finality. Permissible grounds to set aside include incapacity, invalid arbitration agreement, lack of notice or opportunity to present, awards beyond submission, improper tribunal constitution or procedure, non-arbitrability and conflict with public policy. Final awards are enforced as court decrees under the civil procedure code.</description>
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    <pubDate>Wed, 09 Mar 2011 23:45:07 +0530</pubDate>
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      <description>An arbitral award must be written, signed, dated and located as required, state reasons unless waived, and normally comprise preamble, findings, submissions and conclusions. The tribunal may award interest and costs, and deliver a signed, stamped copy to parties. The award is final and binding subject to statutory, time-limited correction, interpretation, additional award and setting-aside procedures; an admitted setting-aside application suspends finality. Permissible grounds to set aside include incapacity, invalid arbitration agreement, lack of notice or opportunity to present, awards beyond submission, improper tribunal constitution or procedure, non-arbitrability and conflict with public policy. Final awards are enforced as court decrees under the civil procedure code.</description>
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