https://www.taxtmi.com/caselaws?id=186811 A claim for compensation arising from statutory wage revision was treated as arbitrable, and the same jurisdictional objection could not be reopened after it had already been rejected in earlier proceedings. On merits, the absence of an express escalation clause did not defeat the award where the contract contemplated payment of notified minimum wages and the parties' conduct showed acknowledgment of the increased burden. The arbitral award on escalation was upheld, but the interest component was found excessive and was reduced to a uniform 9% per annum for the relevant period, with a higher rate only on default in payment of the balance within time. en-us Tue, 31 Oct 2006 00:00:00 +0530 Sat, 01 Oct 2016 12:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186811 A claim for compensation arising from statutory wage revision was treated as arbitrable, and the same jurisdictional objection could not be reopened after it had already been rejected in earlier proceedings. On merits, the absence of an express escalation clause did not defeat the award where the contract contemplated payment of notified minimum wages and the parties' conduct showed acknowledgment of the increased burden. The arbitral award on escalation was upheld, but the interest component was found excessive and was reduced to a uniform 9% per annum for the relevant period, with a higher rate only on default in payment of the balance within time. Case-Laws Indian Laws Tue, 31 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186811