Bombay High Court Dismisses Union of India's Challenge to Arbitral Award on Loss of Profit and Interest in Railway Contract Dispute. Court Upholds 5% Loss of Profit on Withdrawn Work and 9% Interest as Reasonable and Within Tribunal's Discretion Under Section 34 of Arbitration and Conciliation Act, 1996....
The case involves two arbitration petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging a common arbitral award dated 30th May 2007. The Union of India (Western Railway...




