https://www.taxtmi.com/caselaws?id=770294 SC in a five-judge bench decision clarified the limited power of courts under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 to modify arbitral awards. The majority held that modification is permissible only when: (i) the award is severable, allowing separation of invalid from valid portions; (ii) correcting clerical, computational or typographical errors; (iii) modifying post-award interest in certain circumstances; and (iv) under Article 142 of the Constitution with caution. One judge dissented, holding that modification and severance are distinct concepts, with only severance being permissible under Section 34. en-us Wed, 30 Apr 2025 00:00:00 +0530 Tue, 07 Apr 2026 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770294 SC in a five-judge bench decision clarified the limited power of courts under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 to modify arbitral awards. The majority held that modification is permissible only when: (i) the award is severable, allowing separation of invalid from valid portions; (ii) correcting clerical, computational or typographical errors; (iii) modifying post-award interest in certain circumstances; and (iv) under Article 142 of the Constitution with caution. One judge dissented, holding that modification and severance are distinct concepts, with only severance being permissible under Section 34. Case-Laws Indian Laws Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770294