Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Arbitral Award Invalidated for Manifest Disregard of Unambiguous Contract Terms Under Section 37

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....HC held that the arbitral award was patently illegal due to manifest disregard of contract terms. The court's jurisdiction under Section 37 of the Arbitration and Conciliation Act is limited to examining the correctness of Section 34 proceedings. The impugned judgment correctly set aside the awards by finding that the arbitral tribunal ignored explicit contractual clauses and misinterpreted the General Conditions of Contract. The court emphasized that when contract terms are unambiguous, prior negotiations should not be considered, and interpretations defeating the contract's purpose cannot be sustained. Consequently, the appeals were dismissed without cost.....