https://www.taxtmi.com/caselaws?id=752607 Prolonged non-payment of an arbitral award and exceptional circumstances may justify the Supreme Court's use of Article 142 to mould relief and secure complete justice. Although courts exercising jurisdiction under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 cannot modify an arbitral award, the Court may intervene to direct payment of the awarded sum with simple interest where the dispute has remained unresolved for years and equitable considerations warrant finality. en-us Thu, 22 Feb 2024 00:00:00 +0530 Wed, 15 May 2024 09:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752607 Prolonged non-payment of an arbitral award and exceptional circumstances may justify the Supreme Court's use of Article 142 to mould relief and secure complete justice. Although courts exercising jurisdiction under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 cannot modify an arbitral award, the Court may intervene to direct payment of the awarded sum with simple interest where the dispute has remained unresolved for years and equitable considerations warrant finality. Case-Laws Indian Laws Thu, 22 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752607