Arbitral Award Can't Be Challenged U/S 47 CPC In Execution Proceedings: Allahabad High Court Imposes ₹5 Lakh Cost On State

In a recent judgment under the Arbitration and Conciliation Act, 1996, Justice Shekhar B. Saraf delivered a landmark ruling emphasizing the criticality of finality in arbitral awards. The case, titled XYZ Corporation vs. ABC Corporation, revolved around the execution of an arbitral award and the repeated attempts by the petitioner to challenge the award through various legal avenues. Key Points from the Judgment: 1. Exhaustion of Statutory Remedies: The court…