https://www.taxtmi.com/caselaws?id=105463 A reasoned arbitral award allowing escalation for hard coke price was treated as immune from challenge under section 30 of the Arbitration Act, 1940 because the arbitrator adopted a plausible construction of the escalation clause and the correspondence, and no misconduct, invalidity, or manifest error on the face of the award was shown. The appellate court was also found to have exceeded the narrow limits of interference under section 39 by reappreciating contractual facts and substituting its own view for the arbitrator's; the award was therefore restored and the claimant's entitlement to the escalated price was sustained. en-us Wed, 11 Jul 2001 00:00:00 +0530 Thu, 29 Aug 2013 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105463 A reasoned arbitral award allowing escalation for hard coke price was treated as immune from challenge under section 30 of the Arbitration Act, 1940 because the arbitrator adopted a plausible construction of the escalation clause and the correspondence, and no misconduct, invalidity, or manifest error on the face of the award was shown. The appellate court was also found to have exceeded the narrow limits of interference under section 39 by reappreciating contractual facts and substituting its own view for the arbitrator's; the award was therefore restored and the claimant's entitlement to the escalated price was sustained. Case-Laws Companies Law Wed, 11 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105463