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2003 (10) TMI 381 - SC - Indian LawsArbitration Awards challenged - Held that:- The observations made hereinbefore were meant for the purpose of demonstrating that the learned arbitrators failed to apply the correct principles of law but not for the purpose of determining finally the lis between the parties. Thus the questions have been posed and answered for the limited purpose as to whether the award of the learned arbitrators suffer from any legal infirmity within the meaning of sections 30 and 33 of the Arbitration Act and no more. Therefore, for the aforementioned reasons, while upholding Claim No. 1 of the award are of the opinion that the award of the arbitrations in relation to Claim No. 2 must be set aside.
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