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Associate Builders vs Delhi Development Authority on 25 November, 2014

UNION OF INDIA AND OTHERS In case of Associate Builder Vs. DDA , Honourable Apex court has observed Grounds on which arbitral award may be assailed Section 34 in conjunction with Section 5 of the Arbitration and Conciliation Act, 1996 (1996 Act) makes it clear that an arbitral award that is governed by Part I of the 1996 Act can be set aside only on the grounds mentioned under Sections 34(2) and (3), and not otherwise. It is important to note that the 1996 Act was enacted to replace the 1940 Arbitration Act in order to provide for an arbitral procedure which is fair, efficient and capable of meeting the needs of arbitration; also to provide that the Tribunal gives reasons for an arbitral award; to ensure that the 68 Com.A.S.221/2018 Tribunal remains within the limits of its jurisdiction;
Supreme Court of India Cites 55 - Cited by 2182 - R F Nariman - Full Document
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