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    <title>2009 (12) TMI 1007 - Supreme Court</title>
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    <description>Strict compliance with an excepted-matters procedure is required before a contractual claim can be excluded from arbitration. Where the arbitrator records factual findings that measurement records were altered and the contractual procedure was not followed, the High Court cannot reclassify the claims as non-arbitrable absent perversity in those findings; the exclusion of the claims was therefore unsustainable. An arbitrator&#039;s power to award interest under the Arbitration Act, 1940 depends on the contract, the Interest Act, 1978 and settled principles, but a mere restriction on claims for interest or damages does not amount to an express bar on awarding interest on sums found due. The interest award was upheld and the High Court&#039;s interference was set aside.</description>
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    <pubDate>Mon, 07 Dec 2009 00:00:00 +0530</pubDate>
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      <title>2009 (12) TMI 1007 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=195298</link>
      <description>Strict compliance with an excepted-matters procedure is required before a contractual claim can be excluded from arbitration. Where the arbitrator records factual findings that measurement records were altered and the contractual procedure was not followed, the High Court cannot reclassify the claims as non-arbitrable absent perversity in those findings; the exclusion of the claims was therefore unsustainable. An arbitrator&#039;s power to award interest under the Arbitration Act, 1940 depends on the contract, the Interest Act, 1978 and settled principles, but a mere restriction on claims for interest or damages does not amount to an express bar on awarding interest on sums found due. The interest award was upheld and the High Court&#039;s interference was set aside.</description>
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      <pubDate>Mon, 07 Dec 2009 00:00:00 +0530</pubDate>
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