https://www.taxtmi.com/caselaws?id=456341 The HC dismissed an arbitration application challenging a tribunal's interim order under Section 37 of the Arbitration and Conciliation Act, 1996. The court held that the 2015 Amendment expanded arbitral tribunals' powers under Section 17 to grant interim relief, making them nearly equivalent to court powers under Section 9. The tribunal's order directing payment of 50% basic contract value plus 100% taxes was not dehors the agreement. The court distinguished the case from Indian Oil Corporation, noting that Section 17 powers differ from final award powers and that interim reliefs need not be strictly constrained to contract terms unless explicitly contrary to it. en-us Thu, 15 Dec 2022 00:00:00 +0530 Wed, 17 Jul 2024 20:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456341 The HC dismissed an arbitration application challenging a tribunal's interim order under Section 37 of the Arbitration and Conciliation Act, 1996. The court held that the 2015 Amendment expanded arbitral tribunals' powers under Section 17 to grant interim relief, making them nearly equivalent to court powers under Section 9. The tribunal's order directing payment of 50% basic contract value plus 100% taxes was not dehors the agreement. The court distinguished the case from Indian Oil Corporation, noting that Section 17 powers differ from final award powers and that interim reliefs need not be strictly constrained to contract terms unless explicitly contrary to it. Case-Laws Indian Laws Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456341