The Supreme Court (SC) while dealing with the issue of whether, in a suit for setting aside of the Arbitral Award (AA), courts have the power to modify the AA, has held that courts acting under Section 34 of the Arbitration & Conciliation Act, 1996 (A&C Act)would have no jurisdiction to modify the AA, unless, it is conflict with public policy; otherwise, it can only quash/set aside the AA. The SC further held that, since the Appellate Courts, have the power to adjudicate only on the grounds given under Section 34 of the A&C Act, the Appellate Court also cannot modify the AA under Section 37 of the A&C Act.
