💨 Abstract

The Supreme Court of India emphasized that excessive judicial intervention in arbitration processes undermines the purpose of the Arbitration and Conciliation Act, 1996. The court, while overturning a Madras High Court decision, stressed that courts should minimally intervene in arbitral awards unless they are patently illegal. The case involved a dispute over dredging project payments, where the Supreme Court upheld the arbitral tribunal's award, highlighting the need for speedy and cost-effective dispute resolution through arbitration.

Courtesy: theprint.in