In Brief
Two shareholders in Atlas Equifin (holding shares in Multi Screen Media Pvt. Ltd.) entered into a Deed of Settlement to end disputes. The respondent later claimed breach through e-mails from his wife. The arbitrator awarded liquidated damages to the appellant and denied the respondent his settlement benefits. The High Court set aside the award. The Supreme Court held that the award violated fundamental policy of Indian law by depriving the respondent of earned benefits based merely on indiscreet e-mails from his non-party wife. The Court dismissed the appeal and upheld the award's setting aside, finding the arbitrator's conclusion manifestly unreasonable.
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