Arbitral Tribunal Is Final Decision-Maker; Court Interference Only For Perverse Or Implausible Awards: Delhi High Court

The Delhi High Court reiterated that an arbitral tribunal’s decision is final and binding, with courts only intervening in cases where the award is perverse or implausible. This ruling emphasizes the limited scope of judicial review in arbitration matters, reinforcing the autonomy and finality of arbitral awards. The court's stance supports the integrity of the arbitration process as a means of dispute resolution, limiting the grounds on which parties can seek recourse in regular courts. This judgment is important for maintaining the efficiency and effectiveness of arbitration as an alternative dispute resolution mechanism.