https://www.taxtmi.com/caselaws?id=108547 Section 34 permits interference with an arbitral award where it contravenes the Act, substantive law, the contract, or the public policy of India, including patent illegality. In the context of liquidated damages, where the contract treats delayed-delivery damages as a genuine pre-estimate and not a penalty, proof of actual loss is not indispensable; an award insisting on such proof and ignoring the contractual allocation of risk is unsustainable. Interest cannot be awarded on amounts deducted as liquidated damages where the underlying claim is disputed and the contract bars interest on disputed claims. en-us Thu, 17 Apr 2003 00:00:00 +0530 Sat, 27 Sep 2025 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108547 Section 34 permits interference with an arbitral award where it contravenes the Act, substantive law, the contract, or the public policy of India, including patent illegality. In the context of liquidated damages, where the contract treats delayed-delivery damages as a genuine pre-estimate and not a penalty, proof of actual loss is not indispensable; an award insisting on such proof and ignoring the contractual allocation of risk is unsustainable. Interest cannot be awarded on amounts deducted as liquidated damages where the underlying claim is disputed and the contract bars interest on disputed claims. Case-Laws Companies Law Thu, 17 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108547