19-January-2022
Commercial Laws
 
Arbitration can be set aside only if award is against public policy: SC
14-Jan-2022

An arbitration award can be set aside only if the award is against the public policy of India, the Supreme Court has said. A bench of Justices M R Shah and B V Nagarathna said the award can be set aside under the Arbitration Act, if it is found to be contrary to the fundamental policy of Indian Law, interest of country, justice or morality or if it is patently illegal. The top court was hearing an appeal filed by Haryana Tourism Ltd against an order of the Punjab and Haryana High Court which set aside a 2005 award passed by the arbitrator as well as the order passed by the Additional District Judge, Chandigarh. Haryana Tourism Limited (HTL) had invited tenders/quotations for the supply of Aerated Cold Drinks at its Tourist Complexes and the tender submitted by Kandhari Beverages was accepted.

News Source:- https://www.business-standard.com/article/economy-policy/arbitration-can-be-set-aside-only-if-award-is-against-public-policy-sc-122011300666_1.html