https://www.taxtmi.com/caselaws?id=387190 An arbitral award based on appreciation of evidence and a plausible interpretation of the contract is not liable to interference under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 unless it is perverse, contrary to the evidence, or otherwise attracts a recognised ground of challenge. The SC noted that the tribunal's finding of illegal termination was accepted below, that the award dealt with each claim on its merits, and that the counterclaim was rejected as a consequence of the termination finding. On that basis, the challenge to the award and the rejection of the counterclaim failed. en-us Fri, 18 Oct 2019 00:00:00 +0530 Sat, 19 Oct 2019 07:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387190 An arbitral award based on appreciation of evidence and a plausible interpretation of the contract is not liable to interference under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 unless it is perverse, contrary to the evidence, or otherwise attracts a recognised ground of challenge. The SC noted that the tribunal's finding of illegal termination was accepted below, that the award dealt with each claim on its merits, and that the counterclaim was rejected as a consequence of the termination finding. On that basis, the challenge to the award and the rejection of the counterclaim failed. Case-Laws Indian Laws Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387190