https://www.taxtmi.com/caselaws?id=185474 Arbitral interpretation of contract escalation clauses was not interfered with under Section 34 because the tribunal's reading of the documents, the parties' conduct, and the harmonious construction of the clauses showed that price adjustment applied to the entire work, including Bill of Quantity items, deviations and daywork. The Court treated contractual interpretation as a matter for the arbitral tribunal and found no perversity or public policy violation warranting judicial intervention. It also accepted reliance on trade usage and engineering practice under Section 28(3), and the challenge to the award failed. en-us Mon, 30 Aug 2010 00:00:00 +0530 Sat, 13 Aug 2016 12:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185474 Arbitral interpretation of contract escalation clauses was not interfered with under Section 34 because the tribunal's reading of the documents, the parties' conduct, and the harmonious construction of the clauses showed that price adjustment applied to the entire work, including Bill of Quantity items, deviations and daywork. The Court treated contractual interpretation as a matter for the arbitral tribunal and found no perversity or public policy violation warranting judicial intervention. It also accepted reliance on trade usage and engineering practice under Section 28(3), and the challenge to the award failed. Case-Laws Indian Laws Mon, 30 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185474