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Limited power to modify arbitral awards
May 5 , 2025
18 hrs 0 min
13
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- The Supreme Court held that appellate courts can modify arbitral awards while exercising powers under the Arbitration and Conciliation Act, 1996.
- These courts have “limited power” under Section 34 and 37 of the Act to modify arbitral awards.
- Modifications by a court were allowed to amputate the invalid portion of an award from its valid part or to get rid of obvious typographical, computational, clerical errors in the award or if the interest post the award needed to be changed.
- The court does not possess the power to correct errors of fact, reconsider costs or engage in a review of the merits of the arbitral award.
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