#Section 37 appeal

The Karnataka High Court ruled that arbitral tribunals cannot award loss of profits without concrete evidence, even if contract foreclosure was unlawful. The decision underscores that findings of fact in arbitration are binding unless perverse, rejecting a Rs. 4.38 crore claim for lack of proof. Contractors and businesses must now ensure robust documentation to sustain damages claims in arbitration.

Delhi High Court rules that an arbitral tribunal's rejection of an impleadment application constitutes a jurisdictional ruling under Section 16 of the Arbitration and Conciliation Act, making it appealable under Section 37. The decision reinforces that non-signatories may be bound by arbitration agreements based on conduct and contractual interlinkage, expanding the scope of arbitral jurisdiction.