The Court, under Section 34 of Arbitration and Conciliation Act, 1996, is not required to accord its own interpretation to the contractual documents, but only to assess whether the provisions are capable of the interpretation placed upon them in the impugned award – B.L. Kashyap and Sons Ltd. Vs. Mist Avenue Pvt. Ltd. – Delhi High Court

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NCLT allows the Liquidator to file appropriate applications/petitions under section 34 of the Arbitration and Conciliation Act, 1996 to challenge an arbitration award – Oriental Bank of Commerce Vs. RDH Technologies Pvt. Ltd. – NCLT Kolkata Bench

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A Bank Guarantee deposited with the Registrar General during the pendency of the challenge to Arbitral Award is an asset of the Corporate Debtor – Morgan Securities & Credits Pvt. Ltd. Vs. Resolution Professional of Videocon Industries Ltd. – NCLAT New Delhi

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