Bombay High Court Dismisses Petition Challenging Arbitral Award in Hire Purchase Dispute — No Interference Under Section 34 of Arbitration Act as Award Not Found to be Patently Illegal or Contrary to Public Policy. The court upheld the arbitral tribunal's award of Rs. 23,00,000/- with interest at 18% per annum, finding no error in the tribunal's interpretation of the hire purchase agreement or assessment of damages.
24 Aug 2016The petitioner, Aidek Tourism Services Pvt. Ltd., filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbi...




