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    <title>2003 (7) TMI 721 - KARNATAKA HIGH COURT</title>
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    <description>Jurisdictional objections to an arbitral tribunal must be raised no later than the statement of defence under the Arbitration and Conciliation Act, 1996. Participation in arbitration without a timely objection invokes kompetenz-kompetenz and waiver, preventing a first-time appellate challenge to the validity of the arbitration clause or tribunal jurisdiction. Compensation for overhead charges and loss of profits remains enforceable where supported by evidence and applicable legal principles. Appellate interference is unwarranted unless the award shows perversity or a clear jurisdictional error; a general damages objection does not preserve an unraised contractual plea.</description>
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    <pubDate>Mon, 28 Jul 2003 00:00:00 +0530</pubDate>
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