https://www.taxtmi.com/caselaws?id=200795 A contractor who accepted express clauses requiring completion at stipulated rates could not claim extra compensation for escalation in material and labour costs merely because performance became more onerous; Section 56 of the Contract Act, 1872 did not apply because the contract was neither impossible nor frustrated. The Court also held that an arbitral award may be interfered with where the arbitrator ignores a specific contractual objection going to the legality of the claim, and mere reference to the contract in the award does not preclude scrutiny of that legal basis. The extra-cost claim was therefore not maintainable, and the award was set aside. en-us Mon, 07 Mar 1988 00:00:00 +0530 Mon, 23 Apr 2018 18:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200795 A contractor who accepted express clauses requiring completion at stipulated rates could not claim extra compensation for escalation in material and labour costs merely because performance became more onerous; Section 56 of the Contract Act, 1872 did not apply because the contract was neither impossible nor frustrated. The Court also held that an arbitral award may be interfered with where the arbitrator ignores a specific contractual objection going to the legality of the claim, and mere reference to the contract in the award does not preclude scrutiny of that legal basis. The extra-cost claim was therefore not maintainable, and the award was set aside. Case-Laws Indian Laws Mon, 07 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200795