https://www.taxtmi.com/caselaws?id=463671 Section 34 of the Arbitration and Conciliation Act does not permit a court to modify an arbitral award or independently adjudicate the contractor's claim for interest; interference is limited to the statutory grounds for setting aside, so an award of interest in substitution of the tribunal's decision is beyond jurisdiction. A delay-compensation deduction cannot be sustained as liquidated damages unless loss is pleaded or proved, or the clause is shown to be a genuine pre-estimate of damage; absent such findings, the compensation award is vulnerable to patent illegality. The court therefore interfered with both the grant and rejection of the claims, leaving the dispute to be pursued afresh in arbitration. en-us Wed, 20 Nov 2024 00:00:00 +0530 Thu, 11 Sep 2025 14:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463671 Section 34 of the Arbitration and Conciliation Act does not permit a court to modify an arbitral award or independently adjudicate the contractor's claim for interest; interference is limited to the statutory grounds for setting aside, so an award of interest in substitution of the tribunal's decision is beyond jurisdiction. A delay-compensation deduction cannot be sustained as liquidated damages unless loss is pleaded or proved, or the clause is shown to be a genuine pre-estimate of damage; absent such findings, the compensation award is vulnerable to patent illegality. The court therefore interfered with both the grant and rejection of the claims, leaving the dispute to be pursued afresh in arbitration. Case-Laws Indian Laws Wed, 20 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463671