https://www.taxtmi.com/caselaws?id=306789 A reasoned arbitral award cannot be set aside under Section 34 by re-appreciating evidence or substituting a different factual view where the arbitrator has taken a plausible, reasoned position on the contractual matrix. Judicial interference is confined to limited grounds, and public policy review applies only in exceptional cases where the award shocks the conscience. The High Court, having reassessed the evidence and replaced the arbitrator's view with its own, acted beyond the permissible scope of interference. The award was therefore restored and its enforcement upheld. en-us Tue, 05 Dec 2017 00:00:00 +0530 Fri, 24 Feb 2023 09:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306789 A reasoned arbitral award cannot be set aside under Section 34 by re-appreciating evidence or substituting a different factual view where the arbitrator has taken a plausible, reasoned position on the contractual matrix. Judicial interference is confined to limited grounds, and public policy review applies only in exceptional cases where the award shocks the conscience. The High Court, having reassessed the evidence and replaced the arbitrator's view with its own, acted beyond the permissible scope of interference. The award was therefore restored and its enforcement upheld. Case-Laws Indian Laws Tue, 05 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306789