Bombay High Court Partially Sets Aside Arbitral Award in Transportation Contract Dispute — Unilateral Rate Reduction Not Basis for Invoking Performance Bank Guarantees. Contractor's Refusal to Execute Work Orders Held Justified When Principal Unjustifiably Withheld Agreed Freight Rates Under Clause 3.3 of Contract.
21 Apr 2015The petitioner, a transport contractor, entered into a contract with the respondent Oil & Natural Gas Corporation Ltd. for transportation of materials...




