Psa sical terminals - Latest News Update, Information, Photos & Videos on Psa sical terminals at Lokmat Times

New Delhi, Aug 5 The Supreme Court has held that that an arbitral tribunal is not a court of law.A bench of Justice B.R. Gavai and Justice R.F. Nariman, in a judgement last week, held: "Its (arbitral tribunal) orders are not judicial orders. Its functions are not judicial functions. It cannot exercise its powers ex debito justitiae. It has been held that the jurisdiction of the arbitrator being confined to the four corners of the agreement, he can only pass such an order which may be the subject matter of reference."The judgement came in the case of PSA Sical Terminals as appellants versus the board of trustees of V.O. Chidambranar Port Trust, Tuticorin."It has been held that the role of the Arbitrator is to arbitrate within the terms of the contract. He has no power apart from what the parties have given him under the contract. If he has travelled beyond the contract, he would be acting without jurisdiction," the court said.Sical had filed an appeal as the High Court set aside the award dated February 14, 2014, passed by the Arbitral Tribunal and the order passed by the District Judge dated February 25, 2016, rejecting the application filed by the respondent No 1 herein under Section 34 of the Arbitration Act."In that view of the matter, we are of the considered view, that the impugned Award would come under the realm of 'patent illegality' and therefore, has been rightly set aside by the High Court," the apex court said.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Psa Sical TerminalsFOLLOW

Psa sical terminals, Latest News

National :3 booked in J&K under PSA for anti-national activities

Srinagar, May 18 Acting tough against anti-national elements, the police in Jammu and Kashmir's Baramulla district booked three ... ...

International :Arbitral tribunal not a court of law, rules SC

New Delhi, Aug 5 The Supreme Court has held that that an arbitral tribunal is not a court ... ...