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.Original Article

Related posts

Pahalgam terror attack: NIA gets 5-day custody of two accused for sheltering Pakistani LeT terrorists

Bihar polls: Lalu files nomination for 13th term as RJD chief; ‘messiah of poor returns’, says Tejashwi Yadav

‘Not the one to get scared’: Tej Pratap Yadav on being expelled from family, RJD; to seek help from court