Bombay High Court Dismisses Union of India's Challenge to Arbitral Award on Loss of Profit and Interest in Railway Contract Dispute. Court Upholds 5% Loss of Profit on Withdrawn Work and 9% Interest as Reasonable and Within Tribunal's Discretion Under Section 34 of Arbitration and Conciliation Act, 1996.
9 Feb 2011The case involves two arbitration petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging a common arbitral award dated ...




