Supreme Court Constitution Bench to examine power of courts to modify arbitral awards

A Constitution Bench of the Supreme Court will examine the extent of judicial power to modify or reduce the award passed in arbitration proceedings. The court's intervention in arbitral awards is typically limited, but the question arises on whether courts can alter awards under specific circumstances. The examination will focus on the balance between respecting arbitral decisions and ensuring fairness, particularly in cases where the award is challenged for issues such as public policy violations or excessive quantum of damages.