https://www.taxtmi.com/caselaws?id=171704 Judicial interference with a reasoned arbitral award is limited to misconduct or an error of law apparent on the face of the award under the Arbitration Act, 1940. The court cannot reappraise evidence or substitute its own view for the arbitrator's plausible construction of the contract. Where the arbitrator adopts one of two possible interpretations, including a reading that actual loss must be shown before a penal claim is recovered, the award is not open to correction merely because another view is available. On that basis, the challenge to the award failed and the award was left undisturbed. en-us Fri, 03 Mar 1989 00:00:00 +0530 Fri, 31 Jul 2015 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171704 Judicial interference with a reasoned arbitral award is limited to misconduct or an error of law apparent on the face of the award under the Arbitration Act, 1940. The court cannot reappraise evidence or substitute its own view for the arbitrator's plausible construction of the contract. Where the arbitrator adopts one of two possible interpretations, including a reading that actual loss must be shown before a penal claim is recovered, the award is not open to correction merely because another view is available. On that basis, the challenge to the award failed and the award was left undisturbed. Case-Laws Indian Laws Fri, 03 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171704