Bombay High Court says “the arbitral findings are so irrational that no fair-minded or reasonable person would have recorded them” — Court sets aside brokerage dispute awards in favour of Sharekhan Limited for violating Section 28(3) and ignoring material evidence
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Bombay High Court says “the arbitral findings are so irrational that no fair-minded or reasonable person would have recorded them” — Court sets aside brokerage dispute awards in favour of Sharekhan Limited for violating Section 28(3) and ignoring material evidence

Court's decision The Bombay High Court allowed the Petition under Section 34 of the Arbitration and Conciliation Act, setting aside both the arbitral award and the appellate arbitral award arising…
December 10, 2025
Bombay High Court says “the arbitrator’s approach was contrary to the contractual framework and unsupported by material evidence” — Court sets aside arbitral award in dispute involving Thermax Limited over EPC obligations and delay compensation
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Bombay High Court says “the arbitrator’s approach was contrary to the contractual framework and unsupported by material evidence” — Court sets aside arbitral award in dispute involving Thermax Limited over EPC obligations and delay compensation

Court's decision The Bombay High Court allowed the Petition under Section 34 of the Arbitration and Conciliation Act and set aside the arbitral award, holding that the tribunal had failed…
December 10, 2025
Bombay High Court: says “a surveyor’s report is not sacrosanct” — Court upholds arbitral award after holding that “the tribunal is entitled to apply a rough and ready formula when exact quantification is impossible” — Court dismisses challenge under Section 34 and affirms wide discretion of arbitral tribunals in technical insurance disputes
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Bombay High Court: says “a surveyor’s report is not sacrosanct” — Court upholds arbitral award after holding that “the tribunal is entitled to apply a rough and ready formula when exact quantification is impossible” — Court dismisses challenge under Section 34 and affirms wide discretion of arbitral tribunals in technical insurance disputes

Court's decision The Bombay High Court upheld the arbitral award and dismissed the Section 34 challenge filed by the Petitioner-insurer. The Court held that the arbitral tribunal had acted within…
December 10, 2025