Arbitral Award Can't Be Set Aside Merely Due To Incorrect Application Of Law Or Misinterpretation Of Evidence: Allahabad High Court

In a recent ruling, the High Court dismissed an appeal challenging the compensation awarded by an Arbitrator in favor of a landowner, affirming the decision based on the Arbitration and Conciliation Act, 1996. The case revolves around the enhanced compensation for a small piece of land situated near a main road, highlighting its commercial potential. Case Details: The case involves an appeal by the state government against the compensation awarded…