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by Sekar Reporter · Published December 11, 2020
THE HONOURABLE Ms.JUSTICE P.T.ASHA O.P.No.20 of 2010O.P.No.20 of 2010 award. In these circumstances, there is no infirmity or perversity in the finding of the learned arbitrator. Therefore, I do not find any ground for interfering with the award in so far it related to the second heading, namely, Claim for the payment of penal interest for the delay in payment of final bill. In fine, the award is set aside with reference to compensation granted under the head of loss of overhead charges and erosion of profit. However it is confirmed with reference to the interest granted on the delayed payment of money to the contract. The Original Petition is therefore partly allowed.
by Sekar Reporter · Published February 10, 2020