Recently, the Delhi High Court (“DHC”) has reiterated that Section 34 of the Arbitration and Conciliation Act, 1996 (“Act”), empowers courts to partially set aside an arbitral award and it would not amount to a modification, as an arbitral award consists of distinct components independent of each other.Continue Reading Court’s power to partially set aside arbitral awards: An Indian perspective
The Supreme Court’s (“SC”) recent[1]interpretation of the intent and scope of Section 29A of the Arbitration and Conciliation Act, 1996 (“Act” or “Arbitration Act”) has sent ripples through the Indian arbitration landscape. In this landmark verdict, Justices Sanjiv Khanna and R. Mahadevan have provided much-needed clarity and guidance on the extension of time limits for arbitral awards beyond the stipulated timeframe under Section 29A of the Act.Continue Reading Rohan Builders Judgment: A Watershed Moment in Indian Arbitration Law