Grounds for stay of Award
1 A classic Case of serious fraud, corruption and collusion of parties to the Arbitration.
2 For an Award to be stayed on the grounds of fraud or corruption must be brought within the sharpness and intensity of second proviso to S.36(3) of the Act.
3 Section 47 of CPC cannot be invoked in Execution of Award.
4 The Executing Court cannot look into the validity of the Award, and Section 47 of CPC, 1908 doesn’t apply in Execution proceedings of Award.
5 The Award may be unconditionally stayed if the Party satisfies the Court that (a) the Arb. Ag. which is the basis of the award or, (b) the making of the award was induced by fraud or corruption.