Case Law Analysis
|Delhi High Court
Section 37(1)(c) Scope Narrowed - Court Refuses to Vacate Arbitral Award Holding Builder Liable for Delayed Possession with 15% Interest : Delhi HC
Omaxe Ltd’s petition under Section 37(1)(c) was dismissed, leaving the arbitral award that orders the builder to pay compensation for delayed possession, with 15% interest, untouched. The ruling clarifies that courts may intervene only for evident misconduct or jurisdictional error, not merely to alter award amounts. Homebuyers and developers in builder-buyer agreements are directly impacted.