Foreigners tribunals powerless to review its orders: SC https://t.co/q4Axr67GTj (Reports @utkarsh_aanand)
Can Courts Modify Arbitral Awards? Supreme Court Reserves Verdict https://t.co/vtvED10coT https://t.co/30BLaj45C1
Can courts modify arbitral awards? SC reserves verdict https://t.co/z1zXRwh51w
The Supreme Court of India has reserved its verdict on the question of whether courts have the authority to modify arbitral awards under the Arbitration and Conciliation Act of 1996. This follows a recent reaffirmation by the Delhi High Court, which emphasized that the jurisdiction of courts to intervene in arbitral awards is limited, highlighting that arbitral tribunals are the ultimate authority on factual determinations. The issue has raised significant legal questions regarding the scope of judicial intervention in arbitration processes.