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2018 (8) TMI 1762 - HC - Indian LawsArbitral Award - proceedings under Section 34 of the 1996 Act - Held that:- It is elementary that in receiving a challenge to an arbitral award, the Court does not exercise appellate authority or take up the burden to reappraise the evidence to ascertain whether the award in respect of a particular head was justified. The arbitrator is regarded as a final arbiter on facts and unless the award under a particular head is barred by the agreement between the parties or is patently absurd to the meanest mind, the Court would scarcely interfere therewith. It is evident that the appropriate tests were applied by the Single Bench while assessing the award made under claim no.10 and the Court came to the correct conclusion that such aspect of the award could not be interfered with. The award of pendente lite interest under claim nos. 12 and 13 in the award impugned before the Single Bench was liable to be set aside in its entirety - the award of post-award interest is not interfered with since that is within the exclusive domain of the arbitrator.
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