https://www.taxtmi.com/caselaws?id=302401 Section 34 of the Arbitration and Conciliation Act, 1996 is confined to setting aside an arbitral award on limited statutory grounds and does not empower the court to modify, vary or enhance the award. The scheme of the 1996 Act, unlike the repealed 1940 Act, does not permit the court to rework the merits or substitute its own assessment, and Section 34(4) allows only a limited remand to cure defects. Earlier authorities under the 1940 Act and orders based on Article 142 do not create a general power of modification under Section 34. On the facts discussed, interference was declined in view of the peculiar compensation context and delay. en-us Tue, 20 Jul 2021 00:00:00 +0530 Tue, 24 May 2022 06:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302401 Section 34 of the Arbitration and Conciliation Act, 1996 is confined to setting aside an arbitral award on limited statutory grounds and does not empower the court to modify, vary or enhance the award. The scheme of the 1996 Act, unlike the repealed 1940 Act, does not permit the court to rework the merits or substitute its own assessment, and Section 34(4) allows only a limited remand to cure defects. Earlier authorities under the 1940 Act and orders based on Article 142 do not create a general power of modification under Section 34. On the facts discussed, interference was declined in view of the peculiar compensation context and delay. Case-Laws Indian Laws Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302401