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        Indian Laws

        Arbitration award challenged u/s 34 of the Arbitration and...

        Contract dispute resolved: Arbitrator's award upheld on establishment expenses and pre-reference interest.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Arbitration award challenged u/s 34 of the Arbitration and Conciliation Act, 1996. Arbitrator allowed 3% of contract amount as on-site establishment expenses using Hudson's formula. High Court erred in setting aside award on grounds of non-payment of bills and lack of discussion on interest claim. Supreme Court held High Court's reasoning insufficient for interference u/s 37, restoring award. Pre-reference interest governed by substantive law, not solely Section 31(7)(a). Contract did not prohibit pre-reference interest, so High Court's interference unwarranted. Appeal disposed of, award upheld.
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