https://www.taxtmi.com/highlights?id=72229 Validity of Arbitral Award - determination of loss / award - Hudson’s formula like other formulae, which are only rough approximations of the cost impact of unabsorbed overhead, should be applied with great care and caution to ensure fair and just computation. - Arbitral tribunal in the present case has given complete go by to these principles well in place, overlooked care and caution required and taken a one-sided view grossly and abnormally inflated the damages. - SC en-us Wed, 27 Sep 2023 08:31:20 +0530 Wed, 27 Sep 2023 08:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72229 Validity of Arbitral Award - determination of loss / award - Hudson’s formula like other formulae, which are only rough approximations of the cost impact of unabsorbed overhead, should be applied with great care and caution to ensure fair and just computation. - Arbitral tribunal in the present case has given complete go by to these principles well in place, overlooked care and caution required and taken a one-sided view grossly and abnormally inflated the damages. - SC Highlights Indian Laws Wed, 27 Sep 2023 08:31:20 +0530 https://www.taxtmi.com/highlights?id=72229