https://www.taxtmi.com/caselaws?id=751376 SC dismissed curative petition challenging HC Division Bench's decision to set aside arbitral award on grounds of patent illegality. The arbitral tribunal had ignored vital CMRS certification evidence when deciding termination validity, failed to properly interpret termination clause provisions, and reached unreasonable conclusions no fair-minded person would accept. The award was found perverse, irrational, and unreasoned as it overlooked material evidence and statutory certifications. SC held the Division Bench correctly applied patent illegality test from Associate Builders case. Parties restored to position after Division Bench judgment, execution proceedings discontinued, and deposited amounts to be refunded. en-us Wed, 10 Apr 2024 00:00:00 +0530 Sat, 09 May 2026 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751376 SC dismissed curative petition challenging HC Division Bench's decision to set aside arbitral award on grounds of patent illegality. The arbitral tribunal had ignored vital CMRS certification evidence when deciding termination validity, failed to properly interpret termination clause provisions, and reached unreasonable conclusions no fair-minded person would accept. The award was found perverse, irrational, and unreasoned as it overlooked material evidence and statutory certifications. SC held the Division Bench correctly applied patent illegality test from Associate Builders case. Parties restored to position after Division Bench judgment, execution proceedings discontinued, and deposited amounts to be refunded. Case-Laws Indian Laws Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751376