https://www.taxtmi.com/caselaws?id=463661 Section 34 interference with an arbitral award remains narrow and does not permit re-appreciation of evidence. On the contract's structure, annual service charges were treated as fixed periodic consideration for deployed resources and continuing services, so the tribunal's refusal to grant a pro rata reduction was consistent with the bargain and not contrary to public policy. Termination charges were treated as contractual consideration payable in multiple termination scenarios, not a sum stipulated solely on breach, so Section 74 did not apply. The award of termination charges was therefore characterised as enforcement of the parties' agreed commercial arrangement rather than penalty or unenforceable liquidated damages. en-us Mon, 01 Oct 2018 00:00:00 +0530 Wed, 10 Sep 2025 17:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463661 Section 34 interference with an arbitral award remains narrow and does not permit re-appreciation of evidence. On the contract's structure, annual service charges were treated as fixed periodic consideration for deployed resources and continuing services, so the tribunal's refusal to grant a pro rata reduction was consistent with the bargain and not contrary to public policy. Termination charges were treated as contractual consideration payable in multiple termination scenarios, not a sum stipulated solely on breach, so Section 74 did not apply. The award of termination charges was therefore characterised as enforcement of the parties' agreed commercial arrangement rather than penalty or unenforceable liquidated damages. Case-Laws Indian Laws Mon, 01 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463661