Another question raised in the petition was that if both parties agree to decide the claims afresh by such an independent arbitrator appointed by the court, whether the court can remand back the matter to the same arbitrator who delivered the award.
In a landmark order, the Court set aside a Gujarat High Court order under Articles 226 and 227 and said that its power to interfere with the arbitration process needs to be exercised in exceptional rarity.
The Supreme Court of India on Friday held that the High Court has the power to set aside domestic arbitral award under section 34 of Arbitration and Conciliation Act, 1996 if it is patently illegal or perverse.