Courts can Modify Arbitral Awards: Supreme Court
On 30th April 2025, in a ruling with significant implications for commercial dispute resolution, the Supreme Court held that courts have the authority to modify arbitral awards under the law on arbitration and conciliation, though such power must be exercised with significant restraint.
- The 4:1 majority verdict, responds to a legal question referred by a three-judge bench in February 2024 (Gayatri Balasamy vs ISG Novasoft Technologies Ltd.), seeking clarity on whether courts can modify arbitral awards.
The Ruling
Majority Decision
- Courts can modify arbitral awards in accordance with Sections 34 and 37 of the Arbitration and Conciliation Act, 1996. Section ....
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