Mr. Divij Kumar, Vivekananda Institute of Professional Studies, New Delhi.
INTRODUCTION
The compliance of an arbitral award with the public policy is an integral consideration for states and qualifies as a valid ground for the setting aside of an arbitral award in India. Though the Arbitration and Conciliation Act does not formally define the term ‘Public Policy’, an indication towards matters that concern the interest of public and society at large maybe gathered. The scope is wide and may include any statutory codification of policies incorporated to ensure the smooth functioning of our society, equating the status quo of public policy to be similar to that of public law.
Comments