High Court Allows Appeal in Commercial Arbitration Case, Restoring Arbitral Award on Price Adjustment Claim. The Court held that the Commercial Court erred in re-appreciating evidence and interpreting contract clauses under Section 34 of the Arbitration and Conciliation Act, 1996, as the arbitral award was based on material evidence and not patently illegal....
The dispute arose from a contract dated 09.07.2018 between the appellant, a contractor, and the respondent, the Deputy Commissioner of Dharwad District, for road and drain improvements in Annigeri Tow...
