https://www.taxtmi.com/caselaws?id=166616 The Supreme Court clarified the interpretation of an arbitration clause and the applicability of contract amendments in a case where the arbitrator's obligation to provide a reasoned award was disputed. The Court ruled in favor of the appellant, holding that the amendment requiring the arbitrator to give reasons did not apply to the contract due to lack of authorization for unilateral modifications. The Court emphasized the need for careful examination of contract terms and rejected the respondents' plea for further consideration, ultimately setting aside the Division Bench's decision and restoring the Single Judge's ruling in favor of the appellant. en-us Tue, 07 May 2002 00:00:00 +0530 Thu, 16 Oct 2014 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166616 The Supreme Court clarified the interpretation of an arbitration clause and the applicability of contract amendments in a case where the arbitrator's obligation to provide a reasoned award was disputed. The Court ruled in favor of the appellant, holding that the amendment requiring the arbitrator to give reasons did not apply to the contract due to lack of authorization for unilateral modifications. The Court emphasized the need for careful examination of contract terms and rejected the respondents' plea for further consideration, ultimately setting aside the Division Bench's decision and restoring the Single Judge's ruling in favor of the appellant. Case-Laws Indian Laws Tue, 07 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166616