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Arbitration Award Cannot Be Set Aside On Mere Possibility Of An Alternative View Of Facts Of Interpretation Of Contract : Supreme Court
Ashok KM
19 Aug 2023 12:00 PM IST
The Supreme Court observed that Arbitration awards cannot be set aside on mere possibility of an alternative view on facts or interpretation of the contract.The jurisdiction under Section 34 of the Arbitration and Conciliation Act is exercised only to see if the Arbitral Tribunal’s view is perverse or manifestly arbitrary, the bench of CJI DY Chandrachud, Justices PS Narasimha and JB...
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