https://www.taxtmi.com/caselaws?id=296148 An arbitral tribunal cannot award compensation for delay where the contract expressly bars damages or compensation and limits the contractor to extension of time. The arbitrator is bound by the contract, and an award granting prohibited compensation is contrary to the parties' bargain and amounts to an error of jurisdiction. Interest awarded on such a barred claim also cannot survive once the principal award is without jurisdiction. The compensation under claim No. 1 and the pendente lite interest were therefore set aside, while the remaining portions of the award were left undisturbed. en-us Fri, 08 Oct 2010 00:00:00 +0530 Fri, 07 Feb 2025 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296148 An arbitral tribunal cannot award compensation for delay where the contract expressly bars damages or compensation and limits the contractor to extension of time. The arbitrator is bound by the contract, and an award granting prohibited compensation is contrary to the parties' bargain and amounts to an error of jurisdiction. Interest awarded on such a barred claim also cannot survive once the principal award is without jurisdiction. The compensation under claim No. 1 and the pendente lite interest were therefore set aside, while the remaining portions of the award were left undisturbed. Case-Laws Indian Laws Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296148