Arbitral award cannot be set aside on mere possibility of alternative view on facts or interpretation of contract: SC

Konkan Railway Corporation Limited Vs Chenab Bridge Project Undertaking (supreme court judgements) Conclusion: In present facts of the case, the Hon’ble Supreme Court while restoring the award of Arbitral Tribunal observed that it is well-settled that courts ought not to interfere with the arbitral award in a casual and cavalier manner. The mere possibility of an alternative view on facts or interpretation of the contract does not entitle courts to reverse the findings of the Arbitral Tribunal and unless such award portrays perversity unpardonable under Section 34 of the Arbitration Act. Fac...