https://www.taxtmi.com/caselaws?id=765631 The Supreme Court directed a Constitution Bench to examine whether M. Hakeem should be reconsidered on the power to modify an arbitral award under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996, including the scope of judicial power and whether any modification power exists. The Bench is also to consider the extent of such power, if recognised, and the related question of severability. Pending that consideration, the deposited amount was ordered to be placed in an interest-bearing fixed deposit with auto-renewal, subject to further orders and the final outcome of the appeals. en-us Thu, 23 Jan 2025 00:00:00 +0530 Thu, 06 Feb 2025 08:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765631 The Supreme Court directed a Constitution Bench to examine whether M. Hakeem should be reconsidered on the power to modify an arbitral award under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996, including the scope of judicial power and whether any modification power exists. The Bench is also to consider the extent of such power, if recognised, and the related question of severability. Pending that consideration, the deposited amount was ordered to be placed in an interest-bearing fixed deposit with auto-renewal, subject to further orders and the final outcome of the appeals. Case-Laws Indian Laws Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765631