<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>2024 (4) TMI 425 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=751244</link>
    <description>Under the Arbitration and Conciliation Act, 1996, a court under Sections 34 and 37 cannot substitute its own reading of a contract where technical arbitrators have adopted a plausible interpretation of embankment measurement; interference is warranted only for perversity, patent illegality, or an unreasonable construction. The Court also clarified that a dissenting opinion in a multi-member arbitral tribunal is not part of the binding award and cannot displace the majority decision. On that basis, the arbitral awards were restored, the High Court&#039;s judgments were set aside, and relief was maintained subject only to modification on interest.</description>
    <language>en-us</language>
    <pubDate>Thu, 24 Aug 2023 00:00:00 +0530</pubDate>
    <lastBuildDate>Fri, 19 Dec 2025 13:10:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=749769" rel="self" type="application/rss+xml"/>
    <item>
      <title>2024 (4) TMI 425 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=751244</link>
      <description>Under the Arbitration and Conciliation Act, 1996, a court under Sections 34 and 37 cannot substitute its own reading of a contract where technical arbitrators have adopted a plausible interpretation of embankment measurement; interference is warranted only for perversity, patent illegality, or an unreasonable construction. The Court also clarified that a dissenting opinion in a multi-member arbitral tribunal is not part of the binding award and cannot displace the majority decision. On that basis, the arbitral awards were restored, the High Court&#039;s judgments were set aside, and relief was maintained subject only to modification on interest.</description>
      <category>Case-Laws</category>
      <law>Indian Laws</law>
      <pubDate>Thu, 24 Aug 2023 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=751244</guid>
    </item>
  </channel>
</rss>