C.A. No. 007002 / 2013

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Where a party has fully participated in arbitration proceedings on merits without success in challenging procedural validity, courts may decline to interfere with a substantially reasoned arbitral award even if technical objections regarding reference procedure or arbitrator eligibility remain unresolved. As analysed on casestatus.in, the rate of interest awarded by an arbitrator must be reasonable and proportionate, and courts retain power to moderate pre-decree interest to reflect prevailing bank rates where the awarded rate is manifestly excessive.