Appellate Court Cannot Modify Arbitral Award U/s 34; Only Power is to Set Aside Award: SC

The Apex Court has ruled that u/s 34 of the Arbitration and Conciliation Act appellate court can’t modify an arbitral award. A Bench comprising Hon’ble Justice RF Nariman and Hon’ble Justice Br Gavai observed that if a court were to include the power to modify an award u/s 34, it would be crossing Lakshman Rekha.

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