Today, On 30th April, The Supreme Court clarified when courts can modify arbitral awards under Sections 34 and 37 of the Arbitration Act. Justice KV Viswanathan gave a dissenting opinion, disagreeing with the majority’s interpretation of the law.
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.