ARBITRATION AWARD CANNOT BE MODIFIED UNDER SECTION 34 OR SECTION 37 OF ARBITRATION AND CONCILIATION ACT, 1996

ARBITRATION AWARD CANNOT BE MODIFIED UNDER SECTION 34 OR SECTION 37 OF ARBITRATION AND CONCILIATION ACT, 1996 https://www.taxtmi.com/article/detailed?id=12457 Courts possess only a minimal supervisory jurisdiction over arbitral awards and may either uphold or set aside an award on the statutory grounds specified in the Act; they lack authority to modify awards by reappraising merits, altering interest or costs, or substituting their factual conclusions, and any intervention must be confined to textual defects such as fraud, bias, violation of natural justice or conflict with public policy. en-us Tue, 26 Mar 2024 07:56:12 +0530 Tue, 26 Mar 2024 07:56:12 +0530 TaxTMI RSS Generator ARBITRATION AWARD CANNOT BE MODIFIED UNDER SECTION 34 OR SECTION 37 OF ARBITRATION AND CONCILIATION ACT, 1996 https://www.taxtmi.com/article/detailed?id=12457 Courts possess only a minimal supervisory jurisdiction over arbitral awards and may either uphold or set aside an award on the statutory grounds specified in the Act; they lack authority to modify awards by reappraising merits, altering interest or costs, or substituting their factual conclusions, and any intervention must be confined to textual defects such as fraud, bias, violation of natural justice or conflict with public policy. Articles Other Topics Tue, 26 Mar 2024 07:56:12 +0530 https://www.taxtmi.com/article/detailed?id=12457