https://www.taxtmi.com/caselaws?id=443564 An arbitral award must disclose coherent reasons and a discernible method of computation; where it merely states conclusions on delay, responsibility, and quantification without explaining the basis, it is vulnerable to interference. Compensation for delay must reflect actual loss and cannot become a windfall. The award's heads for overheads and profit, idle machinery, and bank guarantee reduction were found unsupported, internally inconsistent, and overlapping, amounting to patent illegality and perversity. The Supreme Court upheld interference because the award failed the statutory standard of a reasoned decision and granted excessive, inadequately explained damages. en-us Thu, 21 Sep 2023 00:00:00 +0530 Fri, 19 Dec 2025 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443564 An arbitral award must disclose coherent reasons and a discernible method of computation; where it merely states conclusions on delay, responsibility, and quantification without explaining the basis, it is vulnerable to interference. Compensation for delay must reflect actual loss and cannot become a windfall. The award's heads for overheads and profit, idle machinery, and bank guarantee reduction were found unsupported, internally inconsistent, and overlapping, amounting to patent illegality and perversity. The Supreme Court upheld interference because the award failed the statutory standard of a reasoned decision and granted excessive, inadequately explained damages. Case-Laws Indian Laws Thu, 21 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443564