Law Relating To Setting Aside Of Arbitral Award By Courts

The Arbitration and Conciliation Act 1996 (hereinafter referred to as ‘the Act') was enacted to consolidate and amend the law governing Domestic Arbitration, International Commercial Arbitration, and the enforcement of Foreign Arbitral Awards and other similar matters. The Act has two fundamental provisions that make any act governing arbitration efficient and effective i.e. Minimum Judicial Interference¹ and, Finality² and Enforcement³ of Award. The importance of these two in the Act cannot be understated as they are the foundation behind every successful Arbitration Proceedings. However, there are instance when the Court has to interfere like Appointment of Arbitrator when parties fail to appoint one themselves, Interim Measures, Setting Aside of Arbitral Award, etc.