Bombay High Court Allows Arbitration Petitions Challenging Arbitral Award in Banking Dispute — Award Set Aside for Violation of Natural Justice and Failure to Consider Evidence. The court held that the arbitrator's failure to provide a reasoned award and consider the petitioners' evidence rendered the award contrary to public policy under Section 34 of the Arbitration and Conciliation Act, 1996.
2 May 2015The judgment pertains to two arbitration petitions filed under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award...






