Arbitral Award Overturned: High Court Sets Aside Decision Due to Arbitrator's Ignoring Evidence and Judicial Instructions.

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....Validity of Arbitral Award - In the remand back case, the Arbitrator was warned not to be influenced by the factors that weighed in his mind while making the First Award. The Arbitrator was also required to proceed only on the basis of the evidence on record. Yet, regrettably, what we find is that the Arbitrator went on to ignore the judicial decision of the High Court with impunity. - The arbitral award in question is patently illegal in that it is based on no evidence and is, thus, outrightly perverse - High Court rightly set aside the award - SC....