https://www.taxtmi.com/caselaws?id=463592 Non-payment of an admitted contractual liability can itself generate an arbitrable dispute, and the arbitral tribunal's jurisdiction is not defeated merely because the debt is admitted if payment is withheld and reasons for default are raised. In Section 34 review, the court will not revisit merits, and a challenge based on public policy succeeds only on the limited statutory grounds. An interest award of 8% per annum on a USD claim was not shown to be so perverse or unreasonable as to shock the conscience of the court, so no interference was warranted. The arbitral award was therefore upheld. en-us Fri, 24 May 2024 00:00:00 +0530 Mon, 08 Sep 2025 17:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463592 Non-payment of an admitted contractual liability can itself generate an arbitrable dispute, and the arbitral tribunal's jurisdiction is not defeated merely because the debt is admitted if payment is withheld and reasons for default are raised. In Section 34 review, the court will not revisit merits, and a challenge based on public policy succeeds only on the limited statutory grounds. An interest award of 8% per annum on a USD claim was not shown to be so perverse or unreasonable as to shock the conscience of the court, so no interference was warranted. The arbitral award was therefore upheld. Case-Laws Indian Laws Fri, 24 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463592