Award Can Be Set Aside U/S 34 Of Arbitration Act If Arbitrator Travels Beyond Arbitration Agreement: Madhya Pradesh HC

The Madhya Pradesh High Court set aside arbitration awards under Section 34 of the Arbitration and Conciliation Act, 1996, where arbitrators exceeded the terms of the agreement. The case involved a dispute where the arbitrators granted reliefs that were not contemplated by the arbitration agreement. The court found that the arbitrators had acted beyond their jurisdiction and set aside the awards. This ruling underscores the importance of adhering to the terms of the arbitration agreement and the limits of arbitral authority, ensuring that arbitration remains a fair and predictable method of dispute resolution.