IFLR1000
The recent Constitution Bench decision reaffirms speed and economy but it has a flipside that could threaten the finality principle. On 30 April, a five-judge Constitution Bench delivered a landmark judgement in Gayatri Balasamy v ISG Novasoft Technologies. In a 4:1 majority, the Bench upheld a court’s power to modify an arbitral award under Sections 34 and 37 of the Arbitration Act, 1996.
AZB & Partners - India,
May 13 2025