https://www.taxtmi.com/caselaws?id=460589 An arbitral award based on the Umpire's interpretation of the bulk supply agreement and Section 49 of the Electricity (Supply) Act, 1948 was not vulnerable to interference merely because another view was possible. The Umpire held that the Board had accepted the agreement and that the contractual tariff and rebates continued despite later uniform tariff fixation. The governing principle is that an award may be set aside only if an erroneous legal proposition appears on the face of the award and forms its basis. Because the interpretation adopted was a possible view and no patent legal error was shown on the award's face, interference was not warranted. en-us Fri, 28 Oct 1988 00:00:00 +0530 Tue, 04 Feb 2025 13:26:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460589 An arbitral award based on the Umpire's interpretation of the bulk supply agreement and Section 49 of the Electricity (Supply) Act, 1948 was not vulnerable to interference merely because another view was possible. The Umpire held that the Board had accepted the agreement and that the contractual tariff and rebates continued despite later uniform tariff fixation. The governing principle is that an award may be set aside only if an erroneous legal proposition appears on the face of the award and forms its basis. Because the interpretation adopted was a possible view and no patent legal error was shown on the award's face, interference was not warranted. Case-Laws Indian Laws Fri, 28 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460589