|Bombay High Court
Loss of Profits Claim Valid Post-Contract Expiry If Work Continued | Section 34 Arbitration Challenge Rejected: Bombay HC
The Bombay High Court upheld an arbitral award of Rs. 1.49 crore for lost profits despite contract expiry, ruling that continued performance by the contractor constituted an implied extension of obligations. This clarifies that mere expiration of a written agreement does not extinguish claims for consequential losses when work proceeds with mutual acquiescence, significantly impacting commercial arbitration strategy in infrastructure and construction disputes.