The Judgment
In a landmark judgment delivered in January 2025, the Supreme Court clarified the scope of arbitral tribunals' powers.
Key Takeaways
- Arbitral tribunals can grant interim relief even after completion of arbitral proceedings
- Courts cannot interfere with arbitral awards on merits under Section 34
- Time limit for arbitral awards now strictly enforced
Implications for Businesses
Businesses should review their arbitration clauses and ensure compliance with amended timelines.