Bombay High Court Partially Allows ONGC's Challenge to Arbitral Award in Drilling Contract Dispute, Dismisses DDL's Cross-Challenge on Interest. Court upholds award of US$ 2,699,235.63 for wellhead tools and services but denies pre-award interest under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996.
9 May 2012The judgment concerns two arbitration petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award dated 7 ...
