Bombay High Court Partially Modifies Arbitral Award in Contract Dispute — Interest Rate Reduced and Service Tax Liability Clarified. The court held that the arbitrator's grant of 9% interest was excessive and reduced it to 6% per annum, while upholding the denial of service tax under Clause 10(F)(1) of the contract.
17 Feb 2010The petitioner, G.D. Anklesaria & Co., a sole proprietorship, was awarded a contract by the respondent, Airports Authority of India, for replacement o...




