https://www.taxtmi.com/caselaws?id=757437 A contractual bar on claims for idle labour, machinery and related establishment costs prevents recovery of those heads, and an arbitral award contrary to that prohibition may be interfered with in Section 37 proceedings. Interest on delayed payment of running account bills may still be sustained where the tribunal gives a reasoned basis and the contract does not justify denial of such compensation. Pre-reference interest can also be awarded when the contract does not exclude it, consistent with Section 31(7) of the Arbitration and Conciliation Act, 1996. The result was partial affirmation of the contractual bar, with restoration of the interest awards. en-us Fri, 23 Aug 2024 00:00:00 +0530 Fri, 16 May 2025 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757437 A contractual bar on claims for idle labour, machinery and related establishment costs prevents recovery of those heads, and an arbitral award contrary to that prohibition may be interfered with in Section 37 proceedings. Interest on delayed payment of running account bills may still be sustained where the tribunal gives a reasoned basis and the contract does not justify denial of such compensation. Pre-reference interest can also be awarded when the contract does not exclude it, consistent with Section 31(7) of the Arbitration and Conciliation Act, 1996. The result was partial affirmation of the contractual bar, with restoration of the interest awards. Case-Laws Indian Laws Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757437