International arbitration award can't be challenged...: Bombay HC sustains $24.7m award against ONGC
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Summary
The Bombay High Court recently reiterated that even a potentially perverse finding in an international commercial arbitration (ICA) award cannot be interfered with by a court under Section 34 of the Arbitration and Conciliation Act [Oil and Natural Gas Corp Ltd v. Sapura Fabrication SDN BHD].Justice Sandeep Marne made the observation while rejecting a plea by the government-owned Oil and Natural Gas Corporation (ONGC) challenging a multi‑million dollar arbitral award in favour of Malaysian contr