{"issue_text":"Whether the court a quo erred in dismissing the application for setting aside the arbitral award","issue_type":"law","dispositive":"yes","related_facts":"Arbitrator awarded USD payment despite SI 33 of 2019; debt arose before SI effective date"}
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Facts of the Case
Background
The appellant and first respondent entered into a contract for supply and installation of equipment. A dispute arose regarding payment of USD 164,631.34 for materials purchased before SI 33 of 2019 took effect. The arbitrator awarded payment in USD or equivalent at interbank rate, which the appellant sought to set aside as contrary to public policy.
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