https://www.taxtmi.com/caselaws?id=462264 A court exercising Section 34 review cannot reappreciate evidence or substitute its own interpretation of a commercial contract for a plausible arbitral view. The arbitral tribunal had construed the development agreement, including the termination and sanction clauses, and found the agreement and powers of attorney validly terminated. That interpretation was held to be within arbitral jurisdiction and commercially sensible. Interference is limited to cases of patent illegality, perversity, violation of public policy, or a view no fair-minded person could take. The setting aside of the award was therefore unsustainable, and the arbitral award was restored. en-us Wed, 08 Nov 2023 00:00:00 +0530 Fri, 06 Jun 2025 19:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462264 A court exercising Section 34 review cannot reappreciate evidence or substitute its own interpretation of a commercial contract for a plausible arbitral view. The arbitral tribunal had construed the development agreement, including the termination and sanction clauses, and found the agreement and powers of attorney validly terminated. That interpretation was held to be within arbitral jurisdiction and commercially sensible. Interference is limited to cases of patent illegality, perversity, violation of public policy, or a view no fair-minded person could take. The setting aside of the award was therefore unsustainable, and the arbitral award was restored. Case-Laws Indian Laws Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462264