Setting Aside Of Arbitral Award Leaves It Open To Parties To Choose To Arbitrate Again: Bombay High Court

The Bombay High Court has ruled that setting aside an arbitral award places the parties in the original position before the proceedings began, and they are open to arbitrate again. This decision clarifies the legal consequences of setting aside an arbitral award. The court's ruling emphasizes the principle of party autonomy in arbitration. This judgment provides clarity on the options available to parties after an arbitral award is set aside.