Reduction Of Awarded Interest Under Section 34 Of Arbitration Act Is Impermissible: Delhi High Court

The Delhi High Court held that reducing the awarded interest under Section 34 of the Arbitration Act is impermissible, reinforcing the finality of arbitral awards. The case involved a challenge to an arbitral award where the awarded interest was reduced by the lower court. The high court ruled that such reductions are not allowed under Section 34, which provides for the setting aside of arbitral awards only on specific grounds. This ruling supports the integrity of arbitral awards and the limited grounds for judicial review.