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    <title>1988 (10) TMI 282 - Supreme Court</title>
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    <description>An arbitral award may be impeached for error of law on its face only where the award discloses an erroneous legal proposition forming the basis of decision; a challenge confined to the arbitrator&#039;s application of Section 53A to the facts does not suffice. The text also notes that protection under Section 53A requires the transferee to have performed or be willing to perform the contract, so absence of readiness and willingness defeats the claim. On alleged legal misconduct, non-consideration of documents is material only if a specific document is identified and shown to be essential to the controversy; a vague assertion is insufficient. The decision states that both grounds failed and the award was upheld.</description>
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    <pubDate>Fri, 14 Oct 1988 00:00:00 +0530</pubDate>
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      <title>1988 (10) TMI 282 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=275068</link>
      <description>An arbitral award may be impeached for error of law on its face only where the award discloses an erroneous legal proposition forming the basis of decision; a challenge confined to the arbitrator&#039;s application of Section 53A to the facts does not suffice. The text also notes that protection under Section 53A requires the transferee to have performed or be willing to perform the contract, so absence of readiness and willingness defeats the claim. On alleged legal misconduct, non-consideration of documents is material only if a specific document is identified and shown to be essential to the controversy; a vague assertion is insufficient. The decision states that both grounds failed and the award was upheld.</description>
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      <pubDate>Fri, 14 Oct 1988 00:00:00 +0530</pubDate>
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