Bombay High Court Partially Sets Aside Arbitral Award in Construction Contract Dispute — Net Delay Compensation Concept Not Permissible Under Contract. The Court held that the Arbitrator's approach of awarding compensation based on 'net delay' was contrary to the express terms of the contract and remanded the counterclaim for fresh adjudication.
26 Jun 2012The judgment concerns two arbitration petitions under Section 34 of the Arbitration and Conciliation Act, 1996, arising from a construction contract d...




