https://www.taxtmi.com/caselaws?id=306866 Under the Arbitration and Conciliation Act, 1996, judicial review of an arbitral award remains confined to the limited grounds under Sections 34 and 37, and a court cannot reappreciate evidence or replace a possible contractual interpretation adopted by the tribunal. Applying that standard, the tribunal's findings on the validity of the termination notice, defects in the civil structure, computation of Termination Payment and Adjusted Equity, and the rulings on waiver and interest were held to be within permissible interpretation and evidence-based findings. The arbitral award was therefore restored in substance, and the Division Bench judgment was set aside for exceeding the narrow supervisory limits. en-us Thu, 09 Sep 2021 00:00:00 +0530 Tue, 10 Oct 2023 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306866 Under the Arbitration and Conciliation Act, 1996, judicial review of an arbitral award remains confined to the limited grounds under Sections 34 and 37, and a court cannot reappreciate evidence or replace a possible contractual interpretation adopted by the tribunal. Applying that standard, the tribunal's findings on the validity of the termination notice, defects in the civil structure, computation of Termination Payment and Adjusted Equity, and the rulings on waiver and interest were held to be within permissible interpretation and evidence-based findings. The arbitral award was therefore restored in substance, and the Division Bench judgment was set aside for exceeding the narrow supervisory limits. Case-Laws Indian Laws Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306866