https://www.taxtmi.com/caselaws?id=779266 An arbitral award may be set aside under Section 34 of the Arbitration and Conciliation Act, 1996 where the decision-making process is so internally contradictory and implausible that no reasonable tribunal could reach conflicting conclusions on substantially the same evidence within a short span of time. The Bombay High Court noted that contemporaneous NSE, BSE and MCX proceedings arose from the same trading relationship and relied on the same material, yet the common arbitrator assessed that evidence in diametrically opposite ways. Despite the narrow scope of Section 34 review and the tribunal's primacy on evidence, the Court found the awards unsustainable and quashed them, directing the disputes to proceed before a sole arbitrator appointed by consent. en-us Tue, 16 Sep 2025 00:00:00 +0530 Fri, 03 Oct 2025 08:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779266 An arbitral award may be set aside under Section 34 of the Arbitration and Conciliation Act, 1996 where the decision-making process is so internally contradictory and implausible that no reasonable tribunal could reach conflicting conclusions on substantially the same evidence within a short span of time. The Bombay High Court noted that contemporaneous NSE, BSE and MCX proceedings arose from the same trading relationship and relied on the same material, yet the common arbitrator assessed that evidence in diametrically opposite ways. Despite the narrow scope of Section 34 review and the tribunal's primacy on evidence, the Court found the awards unsustainable and quashed them, directing the disputes to proceed before a sole arbitrator appointed by consent. Case-Laws Indian Laws Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779266