Power To Correct Computation Error U/S 33 Of Arbitration Act Can Be Exercised Suo Moto If No Application Is Filed Within 30 Days: Calcutta HC

The Calcutta High Court ruled that errors in the computation of an arbitration award can be corrected under Section 33 of the Arbitration Act. The case involved an application for correction of an arbitral award, which had an arithmetic error in its computation. The court held that such errors could be corrected under the provisions of Section 33 of the Arbitration Act, which allows for correction of clerical or computational mistakes. The ruling clarified the scope of this provision and how it applies to ensuring the accuracy of arbitral awards.