https://www.taxtmi.com/caselaws?id=198827 An independent suit to declare an arbitration agreement forged, fabricated or void and to restrain arbitral proceedings is not maintainable, because the Arbitration and Conciliation Act, 1996 confines judicial intervention, empowers the arbitral tribunal to rule on its own jurisdiction, and leaves challenge to the award to the statutory post-award remedy; the parallel relief is also barred by the Specific Relief Act where an efficacious arbitration remedy exists. The text further states that a stock exchange administering the arbitration could seek reference under Section 8, that the arbitration objection was not waived, and that the second appeal was incompetent. It also records that challenges to the agreement, appointment, procedure and merits failed, with only limited reduction of pendency-period interest. en-us Wed, 11 Feb 2009 00:00:00 +0530 Fri, 09 Feb 2018 18:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198827 An independent suit to declare an arbitration agreement forged, fabricated or void and to restrain arbitral proceedings is not maintainable, because the Arbitration and Conciliation Act, 1996 confines judicial intervention, empowers the arbitral tribunal to rule on its own jurisdiction, and leaves challenge to the award to the statutory post-award remedy; the parallel relief is also barred by the Specific Relief Act where an efficacious arbitration remedy exists. The text further states that a stock exchange administering the arbitration could seek reference under Section 8, that the arbitration objection was not waived, and that the second appeal was incompetent. It also records that challenges to the agreement, appointment, procedure and merits failed, with only limited reduction of pendency-period interest. Case-Laws Indian Laws Wed, 11 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198827