Lanka Orix Leasing Company Ltd. v. Pinto and Others – sllr 2002 volume 1 page 115

In the case between Lanka Orix Leasing Company Ltd. (Plaintiff) and Pinto and others (Defendant), the court addressed whether a settlement recorded by document “C” constituted an enforceable arbitral award under the Arbitration Act, No. 11 of 1995. It was held that the document, though recording a settlement reached on 18 November 1998 and signed by the parties and arbitrator, did not fulfill the statutory requirements for an enforceable award. The court reaffirmed the principle that an arbitral award must be formally prepared, signed by the arbitrator, and properly delivered to the parties as mandated by sections 14, 25, and 31 of the Act. This decision relied on the statutory framework of the Arbitration Act, emphasizing that strict procedural compliance is essential for arbitral awards