Can Arbitral Awards Be Modified Under S. 34 & S.37 Of Arbitration Act? Supreme Court Refers To 5 Judge Bench

The Supreme Court has referred the issue of whether arbitral awards can be modified under Sections 34 and 37 of the Arbitration and Conciliation Act to a five-judge bench. The question arises from cases where arbitral awards are challenged on grounds like errors in law or facts, and whether such modifications are permissible. The court is now set to examine the interpretation of these provisions and their scope in detail, as there are conflicting views in previous rulings. The outcome of this reference will have significant implications for the interpretation and enforcement of arbitral awards in India.