Court U/S 34 Of Arbitration Act Cannot Substitute Own Views Or Views Of Parties With View Taken By Arbitral Tribunal: Delhi Court

The Delhi Court ruled that under Section 34 of the Arbitration Act, the court cannot substitute its own views or the views of the parties with those of the arbitral tribunal. The court emphasized that as long as the arbitral tribunal’s view is not in conflict with settled legal positions, it should be upheld. The case involved a dispute over a Memorandum of Understanding (MOU) for the sale of immovable property, where the petitioner sought to challenge the arbitral award. The court upheld the tribunal’s decision, reinforcing the principle of minimal judicial interference in arbitral awards.