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2009 (9) TMI 720 - SUPREME COURTWhether the Arbitrator had exceeded beyond the realm of arbitration clause or clauses of the contract? whether Section 74 applies to stipulations for forfeiture of amounts deposited or paid under the contract? Held that:- Appeal dismissed. The courts below have concurrently held that the arbitrator has gone into the issues of facts thoroughly, applied his mind to the pleadings, evidence before him and the terms of the contract and then passed duly considered award and no ground for setting aside the award within the four corners of Section 30 has been made out. No justifiable reason to take a different view. As noticed above, only two grounds were urged before the High Court in assailing the award, one of which relating to time barred claim was ultimately notessed before us and the only argument survived for consideration before us related to clause 7.2 of the contract. In what already discussed that the view of the arbitrator in this regard is a possible view.
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