https://www.taxtmi.com/caselaws?id=109284 A reasoned arbitral award will not be interfered with absent jurisdictional error, patent illegality, misconduct, or disregard of the contract; on the facts noted, the award was upheld in principle. A claim for interest under the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 was rejected because no such claim was made before the arbitrator and the factual basis was absent. The monetary computation was corrected for improper adjustment of deposited sums and security deposit treatment, and the applicable interest rate was substituted with 9 per cent on the relevant sum. en-us Tue, 03 Aug 2004 00:00:00 +0530 Mon, 19 Aug 2013 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109284 A reasoned arbitral award will not be interfered with absent jurisdictional error, patent illegality, misconduct, or disregard of the contract; on the facts noted, the award was upheld in principle. A claim for interest under the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 was rejected because no such claim was made before the arbitrator and the factual basis was absent. The monetary computation was corrected for improper adjustment of deposited sums and security deposit treatment, and the applicable interest rate was substituted with 9 per cent on the relevant sum. Case-Laws Companies Law Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109284