!['Dhurandhar 2' BO day 26 [LIVE]: Ranveer Singh film chases Rs. 1100 crore](https://static.toiimg.com/photo/msid-130230475,imgsize-76010.cms?#)
Enable courts to modify arbitral awards: Govt to Supreme Court
The Union government has requested the Supreme Court to allow courts to modify, rather than quash, arbitral awards in corporate disputes. This change aims to save parties from undergoing fresh arbitration and expedite dispute resolution. Solicitor General Tushar Mehta emphasized the need for minimal judicial interference along with new powers to make minor corrections to arbitral awards.
The Union government has requested the Supreme Court to allow courts to modify, rather than quash, arbitral awards in corporate disputes. This change aims to save parties from undergoing fresh arbitration and expedite dispute resolution. Solicitor General Tushar Mehta emphasized the need for minimal judicial interference along with new powers to make minor corrections to arbitral awards. What's Your Reaction?
