https://www.taxtmi.com/caselaws?id=289667 An arbitral award was sustained where the arbitration clause incorporated the exchange's rules and the tribunal was constituted under the agreed framework. The Court held that objections to bias or lack of confidence in arbitrators had to be raised through the Act's self-contained challenge procedure; once the tribunal rejected that challenge, Section 34 review remained confined to the limited statutory grounds and could not become a rehearing on merits. The award of interest at 18% per annum was also found legally permissible under the governing post-award interest rule. The award and the order refusing to set it aside were upheld, and the appeal was dismissed. en-us Fri, 07 Mar 2003 00:00:00 +0530 Thu, 13 Aug 2020 11:34:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289667 An arbitral award was sustained where the arbitration clause incorporated the exchange's rules and the tribunal was constituted under the agreed framework. The Court held that objections to bias or lack of confidence in arbitrators had to be raised through the Act's self-contained challenge procedure; once the tribunal rejected that challenge, Section 34 review remained confined to the limited statutory grounds and could not become a rehearing on merits. The award of interest at 18% per annum was also found legally permissible under the governing post-award interest rule. The award and the order refusing to set it aside were upheld, and the appeal was dismissed. Case-Laws Indian Laws Fri, 07 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289667