Arbitration Award Set Aside: High Court Decision Under Section 34 of Arbitration and Conciliation Act

In a recent development, the Delhi High Court, under Section 34 of the Arbitration and Conciliation Act, set aside an arbitral award dated 17.03.2023 in the matter of NEC Corporation India Private Limited vs. M/S PLUS91 SECURITY SOLUTIONS. The judgment was reserved on 10.08.2023 and pronounced on 18.12.2023. Background of the Case: NEC Corporation India Private Limited (formerly NEC Technologies Private Limited) filed a petition challenging the Arbitral Award passed…