The Supreme Court of India has reaffirmed the limited scope of judicial interference in arbitral awards under Section 34 of the Arbitration and Conciliation Act, 1996. The Court held that if an Arbitral Tribunal’s interpretation of a contract is “possible and plausible,” it cannot be substituted by the Court merely because an alternate view exists.
Section 34 Arbitration Act | Arbitral Awards Not Liable to be Set Aside Merely Because Alternate View is Possible, Rules Supreme Court
