https://www.taxtmi.com/caselaws?id=414998 Section 33 of the Arbitration and Conciliation Act, 1996 permits only correction of computational, clerical, typographical or similar errors and does not authorise substantive alteration of an arbitral award. A modification that substituted the value of gold awarded on the basis of the claimant's original claim, without any genuine clerical or arithmetical mistake, went beyond that limited power and could not be sustained. The modification order was therefore invalid, and the original award had to be restored. en-us Mon, 22 Nov 2021 00:00:00 +0530 Wed, 24 Nov 2021 06:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414998 Section 33 of the Arbitration and Conciliation Act, 1996 permits only correction of computational, clerical, typographical or similar errors and does not authorise substantive alteration of an arbitral award. A modification that substituted the value of gold awarded on the basis of the claimant's original claim, without any genuine clerical or arithmetical mistake, went beyond that limited power and could not be sustained. The modification order was therefore invalid, and the original award had to be restored. Case-Laws Indian Laws Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414998