Arbitration case insight: Supreme court holds that courts cannot modify arbitral awards under section 34 of the Arbitration and conciliation Act, 1996
July 21, 2021
Madras High Court had disposed of a set of appeals by the National Highways Authority of India (“NHAI”) laying down that in so far as arbitral awards made under the National Highways Act, 1956 (“NHAI Act”) are concerned, Section 34 of the Arbitration and Conciliation Act, 1996 (“Act”) must be interpreted so as to permit modification of awards, in order to enhance the amount of compensation awarded by arbitral tribunals. With this decision, the Supreme Court has conclusively settled the debate on whether Courts can modify an arbitral award under Section 34 of the Act.
The Bar Council of India does not permit solicitation of work and advertising by legal practitioners and advocates. By accessing the Shardul Amarchand Mangaldas & Co. website (our website), the user acknowledges that:
The user wishes to gain more information about us for his/her information and use. He/She also acknowledges that there has been no attempt by us to advertise or solicit work.
Any information obtained or downloaded by the user from our website does not lead to the creation of the client – attorney relationship between the Firm and the user.
None of the information contained in our website amounts to any form of legal opinion or legal advice.
All information contained in our website is the intellectual property of the Firm.