https://www.taxtmi.com/caselaws?id=388123 Concurrent findings sustained an arbitral award where the contractor's failure to transport the export container caused loss of the export schedule and exposed the respondent to liabilities. On that factual basis, forfeiture of the security deposit and rejection of the refund claim were upheld because the contract permitted forfeiture in light of the default and resulting liabilities. The retention of the fork lift and hand trolleys was also upheld as a contractual security measure, not arbitrary or outside the agreement. No ground for interference with the award was made out. en-us Thu, 07 Nov 2019 00:00:00 +0530 Fri, 08 Nov 2019 09:47:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388123 Concurrent findings sustained an arbitral award where the contractor's failure to transport the export container caused loss of the export schedule and exposed the respondent to liabilities. On that factual basis, forfeiture of the security deposit and rejection of the refund claim were upheld because the contract permitted forfeiture in light of the default and resulting liabilities. The retention of the fork lift and hand trolleys was also upheld as a contractual security measure, not arbitrary or outside the agreement. No ground for interference with the award was made out. Case-Laws Indian Laws Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388123