Bombay High Court Partially Allows Challenge to Arbitral Award in Leave and Licence Dispute — Interest on Security Deposit for Delay Period Upheld but Refund Ordered with Interest from Date of Award. The court upheld the arbitrator's award of interest on security deposit for delay in handover as per agreement terms, but modified the direction for refund with interest from date of demand to interest from date of award.
11 Feb 2019The case involves a challenge under Section 34 of the Arbitration and Conciliation Act, 1996, to an arbitral award passed by a sole arbitrator in a di...




