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    <title>1989 (1) TMI 355 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=160695</link>
    <description>An arbitral award will not be set aside merely because arbitrability was not decided as a preliminary issue, or because the award is not a detailed speaking award, so long as the record shows that the arbitrator addressed the relevant claims and the award is intelligible on a reasonable reading. Judicial review does not permit a court to reassess the merits or substitute its view on the quantum unless the award lacks evidence or rests on an erroneous legal proposition. On interest, the governing law for each period must be applied separately: pre-reference interest may be allowed where the Interest Act permits, pendente lite interest may be denied, and post-award interest may be sustained where justified on the facts. The award was therefore substantially upheld, with the interest component modified.</description>
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    <pubDate>Tue, 24 Jan 1989 00:00:00 +0530</pubDate>
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      <title>1989 (1) TMI 355 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=160695</link>
      <description>An arbitral award will not be set aside merely because arbitrability was not decided as a preliminary issue, or because the award is not a detailed speaking award, so long as the record shows that the arbitrator addressed the relevant claims and the award is intelligible on a reasonable reading. Judicial review does not permit a court to reassess the merits or substitute its view on the quantum unless the award lacks evidence or rests on an erroneous legal proposition. On interest, the governing law for each period must be applied separately: pre-reference interest may be allowed where the Interest Act permits, pendente lite interest may be denied, and post-award interest may be sustained where justified on the facts. The award was therefore substantially upheld, with the interest component modified.</description>
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      <pubDate>Tue, 24 Jan 1989 00:00:00 +0530</pubDate>
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