GAYATRI BALASAMY vs M/S ISG NOVASOFT TECHNOLOGIES LIMITED (C.A. No. …
GAYATRI BALASAMY vs M/S ISG NOVASOFT TECHNOLOGIES LIMITED (C.A. No. 6178-6179/2025) Date of Decision :30-4-2025 SUBJECT: Power of the Court to modify an Arbitral Award under Section 34 and 37 of the Arbitration and Conciliation Act, 1996. DECISION: The Supreme Court, by a 4:1 majority, held that courts possess a limited power under Section 34 and 37 of the 1996 Act to modify an arbitral award. The majority also affirmed the courts' power to modify post-award interest where justified. Chief Justice Khanna authored the majority judgment, while Justice Viswanathan wrote a dissenting opinion, holding that courts cannot modify an arbitral award.
- June 19, 2025
- Created By: Dr.Deepakshi Joshi
