Supreme Court Dismisses Appeal in Arbitration Award Challenge - Upholds Division Bench's Setting Aside of Award on Public Policy and Limitation Grounds. Award Found Contrary to Public Policy Due to Unsustainable Accounting Method Over 21 Years and Counter Claim Barred by Limitation Under Section 17 of Limitation Act, 1963 as Filed Beyond 3 Years from Knowledge of Alleged Fraud.
2 Mar 2023The appeal arose from an order of the Madras High Court Division Bench which set aside an arbitral award that had been upheld by a single judge. The d...
