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I Pay Clearing Services Private Limited vs Icici Bank Limited on 3 January, 2022

In I-Pay Clearing Services (P) Ltd. v. ICICI Bank Ltd., (2022) 3 SCC 121, it was observed that remission of matter to arbitrator under Section 34(4) i.e. for elimination of grounds for setting aside the award cannot be permitted in absence of findings on the contentious issues, and it was held that if any findings are recorded ignoring the material evidence on record, the same are acceptable grounds for setting aside the award itself. The relevant para 41 of the said judgment is as under :
Supreme Court of India Cites 19 - Cited by 61 - R S Reddy - Full Document
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