LAW FOR ALL

Section 34 of the Arbitration and Conciliation Act, - Disputes arose - Arbitrator passed award - filed petition to cancellation - High court declined - DB also rejected - Apex court held that As noticed above, the parties have entered into concluded contract, agreeing terms and conditions of the said contract, which was finally acted upon. In such a case, the parties to the said contract cannot back out and challenge the award on the ground that the same is against the public policy. Even assuming the ground available to the appellant, the award cannot be set aside as because it is not contrary to fundamental policy of Indian law or against the interest of India or on the ground of patent illegality.= CIVIL APPEAL NO.9048 OF 2014 (Arising out of Special Leave Petition (Civil) No.10849 of 2013) Swan Gold Mining Ltd. …Appellant (s) Versus Hindustan Copper Ltd. …Respondent(s) = 2014- Sept. Month - http://judis.nic.in/supremecourt/imgst.aspx?filename=41946