The Supreme Court will determine a crucial legal question about the scope of judicial intervention in arbitral awards under Sections 34 and 37 of the Arbitration and Conciliation Act.
Today, On 13th February, The Supreme Court started hearing a case on whether courts can change arbitral awards. Arbitration, under the Arbitration and Conciliation Act, 1996, is a way to settle disputes outside the courts. This law reduces court interference in decisions made by arbitration tribunals. The ruling in this case may affect how much power courts have over such awards.
Today(on 26th July), The Supreme Court upheld Delhi High Court’s decision to remand the arbitration dispute between Kalanithi Maran and SpiceJet back to a single judge. This follows legal battles over an arbitral award favoring Maran, with significant financial implications for both parties. SpiceJet plans to pursue a Rs. 450 crore refund, enhancing its financial position and enabling further expansion.
Today, On 16th May, The Delhi High Court approved SpiceJet’s appeal, overturning a previous order to refund Rs. 270 crore to Kalanithi Maran. This marks a legal victory for SpiceJet in the long-standing dispute with Maran. The court upheld an Arbitral Award, overturning the previous order and setting aside the refund directive. This decision is significant for the airline.