Bombay High Court sets aside arbitration award directing refund of brokerage for authorized trades, reaffirming that regulatory lapses don't justify equitable compensation.
Bombay High Court holds that parties cannot invoke no-escalation clauses to avoid liability when their own breach causes delay and additional costs to the contractor.
Bombay High Court holds that parties cannot invoke no-escalation clauses to avoid liability when their own breach causes delay and additional costs to the contractor.
Calcutta High Court sets aside arbitral awards under Section 34 of the Arbitration Act, holding that decisions based on non-existent evidence are perverse and liable to be interfered with.
Bombay High Court holds that alleged admissions in letters cannot substitute specific pleadings in arbitration claims under Section 34 of the Arbitration Act.
Madras High Court upholds arbitral award finding broker's squaring off illegal for lack of notice, reinforcing procedural compliance under Arbitration Act.
Madras High Court sets aside arbitral award for patent illegality under Section 34(2)(a) of the Arbitration Act for failing to decide a framed issue on settlement of dues.
Madhya Pradesh High Court holds that delay in filing Section 34 application cannot be penalized when absence is due to counsel's default and party had no notice of dismissal.
Delhi High Court upholds arbitral award, holding that failure to rebut documentary evidence submitted by contractor shifts burden to petitioner under Section 34 of Arbitration Act.