Setting Aside Arbitral Awards for Ex-Parte Violations and Guarantor Liability Excesses

Highlights of the Judgment:
- Detailed analysis of setting aside an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996.
- Examination of territorial jurisdiction and the distinction between a legal seat and a convenient venue under Section 20.
- Discussion on the mandatory duty to communicate documents and evidence to opposing parties under Section 24(3).
- Legal consequences of proceeding ex-parte without giving adequate notice of subsequent hearings.
- Evaluation of patent illegality when holding guarantors liable beyond the clear limits of their contractual guarantees.
- Application of principles of natural justice in statutory arbitrations under the Multi State Co-operative Societies Act, 2002.