Court Under Section 34,37 Arbitration Act Cannot Modify An Award ; It Can Only Remand : Supreme Court

The Supreme Court observed that, under Section 34 or 37 of Arbitration and Conciliation Act, a Court cannot modify the award passed by the Arbitrator.The option would be to set aside the award and remand the matter, the bench comprising Justices Indira Banerjee and AS Bopanna said.The court was considering the appeals filed by National Highways Authority of India ('NHAI') assailing the...