https://www.taxtmi.com/caselaws?id=465269 Delhi HC reiterated that an arbitral award may be interfered with only on the narrow statutory grounds under the Arbitration Act, 1940, and not merely because another view of the evidence is possible. On a plausible reading of the contract and contemporaneous correspondence, the Court upheld the finding that delay in handing over the site affected reciprocal obligations and supported the award's reliance on the sequence of reciprocal promises and compensation principles under the Contract Act. The award was sustained on claims for price escalation and reimbursement of taxes to the extent granted, while the excise duty claim was rejected under the contract. Interest was moderated, but the award was otherwise upheld. en-us Tue, 03 Jan 2006 00:00:00 +0530 Sun, 14 Dec 2025 21:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465269 Delhi HC reiterated that an arbitral award may be interfered with only on the narrow statutory grounds under the Arbitration Act, 1940, and not merely because another view of the evidence is possible. On a plausible reading of the contract and contemporaneous correspondence, the Court upheld the finding that delay in handing over the site affected reciprocal obligations and supported the award's reliance on the sequence of reciprocal promises and compensation principles under the Contract Act. The award was sustained on claims for price escalation and reimbursement of taxes to the extent granted, while the excise duty claim was rejected under the contract. Interest was moderated, but the award was otherwise upheld. Case-Laws Indian Laws Tue, 03 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465269