Bombay High Court Hears Petition under Section 34 of the Arbitration and Conciliation Act, 1996, Challenging the Majority Arbitral Award's Decision on Quantum of Construction Costs. Petitioner, Claimant in Development Dispute, Asserts That Majority Award Erred in Awarding Cost at Rs.775 per sq.ft. Instead of Actual Cost of Rs.7.26 Crores and Failed to Grant Interest and Costs.
3 Jun 2019The matter originated from a development agreement dated 29 October 1993 between the petitioner, Caprihans India Limited, and the respondent, Hindoost...
