Bombay High Court Sets Aside Arbitral Award for Lack of Jurisdiction Where Claim Exceeds 20% of Contract Value Under Special Conditions of Contract. The court held that the Arbitral Tribunal had no jurisdiction to entertain claims exceeding 20% of the contract value as per Clause 41.2 of the Special Conditions of Contract, and the award was liable to be set aside under Section 34 of the Arbitration and Conciliation Act, 1996.
5 Feb 2010The petitioner, Union of India, through the Divisional Railway Manager (Works), Mumbai Division, filed a petition under Section 34 of the Arbitration ...
