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of <h1>Kerala High Court upholds arbitration award, determining contract receipts over profit.</h1> The High Court of Kerala dismissed the application challenging an arbitration award of Rs. 8,90,241, affirming that the amount constituted contract ... Question Of Law The High Court of Kerala dismissed the application regarding an arbitration award of Rs. 8,90,241, stating that the amount should not be treated as profit but as part of contract receipts. The Tribunal justified treating only 11% of the award amount as profit, as it was related to cost escalation, not pure profit. The court found no merit in the application and upheld the Tribunal's decision. The original petition was dismissed.
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