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Enable courts to modify arbitral awards: Govt to Supreme Court
Thursday, 13 February 2025
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.
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