https://www.taxtmi.com/caselaws?id=756244 A Section 34 challenge to an arbitral award will fail where the award is supported by contractual interpretation and factual findings that are neither perverse nor contrary to law; the court will not reappreciate evidence or undertake appellate review absent a recognised ground such as conflict with public policy or patent illegality. On the facts noted, the tribunal had already considered the limitation plea, the due-diligence objection, and the Insolvency and Bankruptcy Code objection, and interference was unwarranted. Pre-award interest was also declined because the relevant contract triggered interest only on delay, and no contractual delay in passing on the monies was established. en-us Tue, 13 Feb 2024 00:00:00 +0530 Tue, 30 Jul 2024 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756244 A Section 34 challenge to an arbitral award will fail where the award is supported by contractual interpretation and factual findings that are neither perverse nor contrary to law; the court will not reappreciate evidence or undertake appellate review absent a recognised ground such as conflict with public policy or patent illegality. On the facts noted, the tribunal had already considered the limitation plea, the due-diligence objection, and the Insolvency and Bankruptcy Code objection, and interference was unwarranted. Pre-award interest was also declined because the relevant contract triggered interest only on delay, and no contractual delay in passing on the monies was established. Case-Laws Companies Law Tue, 13 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756244