https://www.taxtmi.com/caselaws?id=442247 Courts reviewing arbitral awards under the Arbitration Act, 1940 cannot reappraise contractual interpretation or factual findings merely because another view is possible. Interference is confined to the limited statutory grounds, and an award will not be disturbed unless misconduct or an apparent error justifying judicial interference is shown. Applying that restraint, the High Court's re-reading of Clause 10C(i) and its reassessment of the escalation claim and counterclaim were held impermissible. The award was restored, and release of the deposited amount with accrued interest followed. en-us Thu, 03 Aug 2023 00:00:00 +0530 Mon, 28 Aug 2023 08:17:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442247 Courts reviewing arbitral awards under the Arbitration Act, 1940 cannot reappraise contractual interpretation or factual findings merely because another view is possible. Interference is confined to the limited statutory grounds, and an award will not be disturbed unless misconduct or an apparent error justifying judicial interference is shown. Applying that restraint, the High Court's re-reading of Clause 10C(i) and its reassessment of the escalation claim and counterclaim were held impermissible. The award was restored, and release of the deposited amount with accrued interest followed. Case-Laws Indian Laws Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442247