Bombay High Court Dismisses Petition Under Section 34 of Arbitration Act, Upholds Arbitral Award Allowing Price Reduction Deductions by HPCL Against Pipeline Contractor. Arbitral Award Rejecting Claims of Rs.3.28 Crores for Alleged Delay in Pipeline Project Upheld as No Perversity Found in Interpretation of Price Reduction Clause.
24 Mar 2015The dispute arose from a contract for laying pipelines and associated facilities for the Pune-Solapur Pipeline Project awarded by Hindustan Petroleum ...




