Modification of arbitral awards and the scope of Court interference under Section 34, Arbitration and Conciliation Act: What Madras HC held

Madras High Court
Madras High Court

The Madras High Court recently made pertinent observations on the scope of Court interference when it comes to modifying arbitral awards, as well as the authority of arbitral tribunals to award interest on the payment of awards in the absence an agreement to that effect (M/s.J.K. Fenner (India) Limited v. M/s.Neyveli Lignite Corporation).

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