Courts can modify arbitral awards: SC | Dununu.com : Circle of Life...

Dununu.com Dununu

Sponsorluk

Courts can modify arbitral awards: SC

RSS Feed National

Posted

115

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

Please log in to like, share and comment!

Top banks cut savings account rates after RBI rate cut decision; SBI drops to 2.5%, HDFC and ICICI now at 2.75%

Savings account holders will earn less. State Bank of India, HDFC Bank, and ICICI Bank have...

By 0 0

Naveen Patnaik to undergo cervical arthritis surgery

By 0 4

Voter ID cards to reach within 15 days: Election Commission rolls out fast-track delivery system

By 0 4

Currency watch: Rupee slips 13 paise to 86.47 against US dollar, crude prices and Middle East tensions weigh on sentiment

The Indian rupee weakened to 86.47 against the US dollar due to risk-off sentiment, high crude...

By 0 13

'Nothing but hypocrisy': Mamata Banarjee slams BJP over ‘Constitution murder day’; says TMC won’t take part in observance

By 0 15