💨 Abstract

The Supreme Court of India, by a 4:1 majority, has ruled that courts can modify arbitral awards under the 1996 Arbitration and Conciliation Act. The ruling, delivered by a five-judge bench, states that courts have limited power to modify awards with caution. One judge, Justice K V Viswanathan, dissented, arguing that courts should not be able to alter arbitral awards.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖