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Case Name : Canara Bank Vs State Trading Corporaton of India Ltd. And ANR (Delhi High Court)
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Canara Bank Vs State Trading Corporaton of India Ltd. And ANR (Delhi High Court) Delhi High Court held that considering the limited scope of judicial review u/s. 34 of the Arbitration Act, court cannot modify the arbitral award by awarding interest to the appellant. Facts- The present appeal u/s. 37 of the Arbitration and Conciliation Act, 1966 has been preferred by Canara Bank against the Order and Judgment dated 21.12.2021 passed by the Ld. Single Judge in OMP (COMM) 376/2016 dismissing the application filed by Canara Bank under Section 34(4) of the Arbitration Act, and also setting aside th...
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