https://www.taxtmi.com/caselaws?id=392235 A contract requiring reasons for arbitral awards above a specified threshold meant a bare award on extra-item claims could not stand, but the underlying claim was not to be rejected where the extra work was otherwise established and assessable on the contractual basis. The monthly-statement clause for DALDAL land work was a disclosure safeguard, not an absolute bar, so Claim No. 8 remained payable on evidence, again only at the proper premium rate. The reduction of interest to 12% per annum was upheld because no contractual basis supported the higher rate. The claimant therefore succeeded only in part, with the award modified on premium and the interest adjustment maintained. en-us Fri, 14 Feb 2020 00:00:00 +0530 Mon, 17 Feb 2020 09:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392235 A contract requiring reasons for arbitral awards above a specified threshold meant a bare award on extra-item claims could not stand, but the underlying claim was not to be rejected where the extra work was otherwise established and assessable on the contractual basis. The monthly-statement clause for DALDAL land work was a disclosure safeguard, not an absolute bar, so Claim No. 8 remained payable on evidence, again only at the proper premium rate. The reduction of interest to 12% per annum was upheld because no contractual basis supported the higher rate. The claimant therefore succeeded only in part, with the award modified on premium and the interest adjustment maintained. Case-Laws Indian Laws Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392235