Bombay High Court Partially Upholds Arbitral Award in Navy Contract Dispute — Contractor Entitled to Compensation for Delay but Not for Escalation Due to Price Variation Clause. Court sets aside claim for escalation under Clause 70-C as the contract contained a price variation clause, but upholds other claims including loss of productivity and idle establishment.
4 Sep 2012The case arises from a contract between the Union of India (UOI) and M/s. Arctic India (the Contractor) for replacing a BER A.C. Plant at NAD, Karanja...




