Bombay High Court Partially Allows ICICI Bank's Petition Under Section 34 of Arbitration Act, Setting Aside Arbitral Award on Claims for Loss of Profit and Interest on Mobilization Advance. The court held that the arbitrator cannot award interest on an interest-free mobilization advance and cannot award loss of profit without evidence of actual loss.
30 Mar 2016The petitioner, ICICI Bank Limited, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award dat...




