Supreme Court Allows Appeal in Arbitration Case by Setting Aside Arbitrator's Modification of Award Under Section 33 of Arbitration and Conciliation Act, 1996. Modification of gold value from Rs.740 per gram to Rs.20,747 per 10 grams was held beyond the scope of Section 33 as it corrected no arithmetical or clerical error but altered substantive relief based on the original claim.
22 Nov 2021The dispute originated from an agreement dated 9 July 2003 between the parties, involving recovery of pure gold weighing 3648.80 grams. The respondent...
