The Supreme Court today held that an application under Section 34 of Arbitration and Conciliation Act, 1996 (Arbitration Act) for setting aside an arbitral award will not ordinarily require anything beyond the record that is before the Arbitrator. There is no requirement under the provisions of Section 34 for parties to lead evidence. The judgment was delivered by a Bench of Justices Rohinton Nariman and Indu Malhotra which also held that a judgment of the Punjab & Haryana High Court in M/s Punjab State Industrial Development Corporation v. Mr. Sunil K. Kansal is bad law. The ruling came in the […]
The post No requirement to lead evidence under Section 34 of Arbitration Act, Supreme Court
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