MERE POSSIBILITY OF ALTERNATE INTERPRETATION NOT SUFFICIENT FOR INTERFERENCE IN ARBITRAL AWARD, HOLDS SUPREME COURT The Supreme Court in NTPC v. M/s Deconar Services Private Limited, held that merely showing that there is another reasonable interpretation or possible view on the basis of the material on the record is insufficient to allow for the interference by the Court in an arbitral award. The Court ruled that in order to succeed in a challenge against an arbitral award the challenger must show that the award of the arbitrator suffered from perversity or an error of law or that the arbitrator has otherwise misconducted himself. Reddy & Reddy Law Firm has a forte in handling Arbitration matters . They have an experienced team of lawyers ready to assist in all your disputes.
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