{"id":360796,"date":"2025-09-19T13:00:15","date_gmt":"2025-09-19T07:30:15","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=360796"},"modified":"2025-09-19T12:56:49","modified_gmt":"2025-09-19T07:26:49","slug":"finality-of-arbitral-awards-raunaq-mathur-india-adr-week-2025-legal-news","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/09\/19\/finality-of-arbitral-awards-raunaq-mathur-india-adr-week-2025-legal-news\/","title":{"rendered":"Finality of Arbitral Awards: Raunaq B. Mathur, Partner, Saraf &amp; Partners weighs in at India ADR Week 2025"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">At a panel discussion on <span style=\"font-style: italic;\">&#8220;Finality of Arbitral Awards: Principle, Practice and Pitfalls&#8221;<\/span> organised by the Nani Palkhivala Arbitration Centre as part of <span style=\"font-weight: bold;\">India ADR Week 2025<\/span>, Raunaq B. Mathur, Partner at Saraf &amp; Partners offered key insights on how Indian courts are shaping arbitral jurisprudence.<\/p>\n<p style=\"margin-bottom: 3%; text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/13_Webinar-Reporting-1.png\" alt=\"\" width=\"800\" height=\"582\"\/><\/p>\n<p style=\"margin-bottom: 3%;\">Speaking on Section 34 challenges, she noted that while patent illegality and public policy remain the broader grounds, courts are increasingly less inclined to entertain purely procedural or evidence-heavy objections. This, she said, signals a welcome shift away from merit-based re-appreciation.<\/p>\n<p style=\"margin-bottom: 3%;\">On the issue of security pending challenges, Ms. Mathur recalled the pre-2015 era of automatic stays and emphasised that the current regime, where deposits, guarantees or securities are insisted upon acts as a necessary deterrent. She pointed out, however, that bank guarantees often put award-holders in a negative cash flow situation, suggesting that alternative securities such as deposit of title deeds could balance enforcement with business realities.<\/p>\n<p style=\"margin-bottom: 3%;\">On the sensitive question of <span style=\"font-weight: bold;\">foreign awards<\/span>, she underscored the importance of maintaining differential standards of review under Section 48 vis-&agrave;-vis Section 34. Cautioning against an &#8220;untidy situation&#8221; where Indian courts&#8217; approach could delay multi-jurisdictional enforcement, she stressed the need for consistency with the New York Convention framework.<\/p>\n<p style=\"margin-bottom: 3%;\">Addressing concerns after the <span style=\"font-weight: bold;\">DMRC curative petition<\/span>, Ms. Mathur acknowledged the shock value of the Supreme Court extending extraordinary powers to the arbitral sphere. Yet, she described these as &#8220;known risks&#8221; of the Indian system, baked into business calculations. Referring also to the Gayatri Balaswamy ruling, she highlighted that while such interventions may be novel, they are not entirely unforeseeable.<\/p>\n<p style=\"margin-bottom: 3%;\">Finally, drawing on international practice, she pointed to Singapore&#8217;s clear legislative wording on when an award is final and the UK&#8217;s adoption of summary disposal as useful models. Institutional rules, she observed, are also stepping in to provide clarity on finality, helping streamline disputes and ensuring greater efficiency.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">At the Nani Palkhivala Arbitration Centre&#8217;s panel on &#8220;Finality of Arbitral Awards: Principle, Practice and Pitfalls&#8221; during India ADR Week 2025, Raunaq B. Mathur, Partner at Saraf &amp; Partners emphasised the evolving judicial approach to arbitral awards.<\/p>\n","protected":false},"author":67516,"featured_media":360803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[42903,2],"tags":[26333,89421,3226,72592,89425,89427,89432,89424,89426,89429,89420,89438,89437,89428,89431,89439,89434,72597,72596,89422,89430,89423,89440,89441,89442,89433,89435,89436],"class_list":["post-360796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events-and-webinars","category-news","tag-adr","tag-arbitralawards","tag-arbitration","tag-arbitrationlaw","tag-curativepetition","tag-dmrccase","tag-enforcementofawards","tag-foreignaward","tag-gayatribalaswamy","tag-governmentofindiavvedanta","tag-indiaadrweek","tag-indiaadrweek2025","tag-internationalbestpractices","tag-mmidacase","tag-modificationofawards","tag-nanipalkhivalaarbitrationcentre","tag-newyorkconvention","tag-patentillegality","tag-publicpolicy","tag-raunaqbmathur","tag-rupahooravashokhoora","tag-sarafandpartners","tag-section34arbitration","tag-section36arbitration","tag-section48arbitration","tag-securityforawards","tag-singaporearbitration","tag-ukarbitrationact"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finality of Arbitral Awards: Raunaq B. 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