https://www.taxtmi.com/caselaws?id=380925 In an appeal under s.37 of the Arbitration Act, the dominant issues were whether the HC could interfere with the arbitral award on (i) price adjustment/escalation, (ii) fixed-cost compensation, and (iii) escrow-account entitlement. On escalation, the arbitrator's construction of contractual clauses fixing the "zero year" and commencement date was a possible and plausible interpretation; the HC exceeded jurisdiction by substituting its view, so the setting-aside of this part of the award was quashed. On fixed costs, the award for loss was unsupported by evidence beyond a CA certificate and was contradicted by records showing higher lifting than fixed quantity; the HC correctly set it aside. On escrow, the claimant had consented to the escrow mechanism under ministerial guidelines and repayment arrangement, making its claim untenable; the HC correctly set aside that part. en-us Mon, 27 May 2019 00:00:00 +0530 Fri, 19 Dec 2025 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380925 In an appeal under s.37 of the Arbitration Act, the dominant issues were whether the HC could interfere with the arbitral award on (i) price adjustment/escalation, (ii) fixed-cost compensation, and (iii) escrow-account entitlement. On escalation, the arbitrator's construction of contractual clauses fixing the "zero year" and commencement date was a possible and plausible interpretation; the HC exceeded jurisdiction by substituting its view, so the setting-aside of this part of the award was quashed. On fixed costs, the award for loss was unsupported by evidence beyond a CA certificate and was contradicted by records showing higher lifting than fixed quantity; the HC correctly set it aside. On escrow, the claimant had consented to the escrow mechanism under ministerial guidelines and repayment arrangement, making its claim untenable; the HC correctly set aside that part. Case-Laws Indian Laws Mon, 27 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380925