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Head Note

The Arbitration and Conciliation Act, 1996  - Section 34

Disputes arose - Arbitrator passed award - Filed petition to cancellation - High court declined - DB also rejected - Apex court held that As noticed above, the parties have entered into concluded contract, agreeing terms and conditions of the said contract, which was finally acted upon. In such a case, the parties to the said contract cannot back out and challenge the award on the ground that the same is against the public policy - Even assuming the ground available to the appellant, the award cannot be set aside as because it is not contrary to fundamental policy of Indian law or against the interest of India or on the ground of patent illegality.

Topic(s)-Arbitration Disputes