Courts can modify arbitral awards: SC

Postado

In a landmark judgment, the Supreme Court has ruled that courts possess the authority to modify arbitral awards by severing invalid portions to uphold the valid parts, preventing complete annulment. This decision aims to reduce protracted litigation, allowing courts to correct errors and adjust interest rates. However, Justice Viswanathan dissented, arguing against judicial modification of awards.

Read Full Article

Faça Login para curtir, compartilhar e comentar!