#Contractual Conduct

The Karnataka High Court ruled that accepting Rs. 2.55 crore in instalments under a Joint Development Agreement, despite non-possession, confirms the agreement remains operative. This conduct triggers Section 9 relief to freeze property alienation, ensuring the status quo is preserved for arbitration - a critical precedent for developers and landowners in unresolved JDA disputes.

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.