Modification of An Arbitral Award: An Analysis

The article aims to provide an insight upon the legal position of the courts under the Section 34 of the Arbitration and Conciliation Act 1996 to modify an arbitral award. It has been a long-standing question about the powers of the arbitrator and the courts to alter an arbitral award. The researcher suggests a balanced approach to such modification of an arbitral award, paving the way forward for the growth of the alternative dispute resolution mechanism in the country.