https://www.taxtmi.com/caselaws?id=770294 Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 do not confer a general appellate power to modify an arbitral award, but the judgment recognises limited corrective powers within the statutory scheme. Courts may sever and set aside only the offending part of an award where the valid and invalid portions are legally and practically separable, and may correct manifest clerical, computational or typographical errors without reviewing the merits. The Court also held that post-award interest may be adjusted in appropriate cases, while Article 142 cannot be used to rewrite an award or the Act's substantive limits. A concurring opinion accepted severability but rejected any power to modify the award or post-award interest. 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 Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 do not confer a general appellate power to modify an arbitral award, but the judgment recognises limited corrective powers within the statutory scheme. Courts may sever and set aside only the offending part of an award where the valid and invalid portions are legally and practically separable, and may correct manifest clerical, computational or typographical errors without reviewing the merits. The Court also held that post-award interest may be adjusted in appropriate cases, while Article 142 cannot be used to rewrite an award or the Act's substantive limits. A concurring opinion accepted severability but rejected any power to modify the award or post-award interest. Case-Laws Indian Laws Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770294