Arbitral Award Against BALCO Restored; Court Says High Court Overstepped Limits While Setting Aside Contractor’s Compensation: Supreme Court
The Supreme Court of India has delivered a significant judgment reinforcing the finality of arbitral awards under the Arbitration and Conciliation Act, 1996. The Court restored a decade-old arbitral award in favour of mining contractor Ramesh Kumar Jain, holding that the Chhattisgarh High Court exceeded its jurisdiction by interfering with the award as if it were an appellate authority. Core Legal Issue The main legal question before the Supreme Court…
