Courts Have a ‘Disturbing Tendency’ to Set Aside Arbitral Awards by Reassessing Facts: Karnataka HC Warning Upheld by Supreme Court
Supreme Court dismissed SLP filed by BMRCL challenging Karnataka High Court judgment restoring arbitral award in favour of Navayuga Engineering Company, reiterating limited scope of interference under Sections 34 and 37, Arbitration and Conciliation Act, 1996 and upholding award including finance charges as compensatory claim.