Courts can modify arbitral awards: SC

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.
|
||||
|
||||
You Might Like💡 newsR Knowledge: Other News Mentions
|
Courts of Kazi, Kajiyat & Sharia have no legal status: Supreme CourtThe Supreme Court has reaffirmed that 'Court of Kazi', 'Darul Kaja Kajiyat', and 'Sharia Court' lack legal standing, rendering their declarations, including...IndiaTimes |
Cuban court revokes conditional release of two prominent dissidentsCuba's Supreme Court said Tuesday it had revoked the provisional release from prison granted to opposition leader Jose Daniel Ferrer as part of a landmark deal...IndiaTimes |
US Supreme Court to hear case against LGBTQ books in schoolsThe conservative-dominated US Supreme Court is slated to hear a case on Tuesday about whether parents have the religious right to pull their children from...IndiaTimes |