Can Appellate Courts Modify Arbitral Awards Under S.34/37 Arbitration Act? Supreme Court Constitution Bench Reserves Judgement

The Supreme Court Constitution Bench reserved its judgment on whether appellate courts can modify arbitral awards under Sections 34 and 37 of the Arbitration Act. This addresses the scope of judicial intervention in arbitration matters and the extent to which courts can alter arbitral decisions. The decision will have significant implications for the arbitration process in India.