https://www.taxtmi.com/caselaws?id=296327 The supplementary MoU made the deceased claimant personally liable, on non-receipt of the Angolan payment, to pay the unrealised amount to M/s. Brawn Pharmaceuticals Ltd., and the arbitral award itself recorded that the amount was payable to that company. As the company was a separate legal entity and had not advanced any claim before the tribunal, a counter-claim could not be granted in favour of the director in his individual capacity. The award to that extent was therefore contrary to the contract and beyond the arbitral mandate, and was set aside. en-us Mon, 24 Feb 2020 00:00:00 +0530 Thu, 15 Jul 2021 08:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296327 The supplementary MoU made the deceased claimant personally liable, on non-receipt of the Angolan payment, to pay the unrealised amount to M/s. Brawn Pharmaceuticals Ltd., and the arbitral award itself recorded that the amount was payable to that company. As the company was a separate legal entity and had not advanced any claim before the tribunal, a counter-claim could not be granted in favour of the director in his individual capacity. The award to that extent was therefore contrary to the contract and beyond the arbitral mandate, and was set aside. Case-Laws Indian Laws Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296327