Arbitration Cases Weekly Round-Up: 2 October To 8 October, 2022
Live LawSupreme Court: Arbitral Tribunal Must Give Reasons For Fixing Interest Rate; Award Holder Not Entitled To Interest For Delay Caused By It : Supreme Court Case Title: Executive Engineer versus Gokul Chandra Kanungo The Supreme Court recently held that a case where the award holder was responsible for delaying the proceedings which led to a huge lapse of time would be a fit case of exercising power under Article 142 to reduce the rate of interest on the sum of award. High Courts: Andhra Pradesh High Court: Review Of Judgment/Order Passed Under Section 11 Of The A&C Act Is Not Permissible: Andhra Pradesh High Court Case Title: Nagireddy Srinivasa Rao versus Chinnari Suryanarayana & Ors. Arbitrator Cannot Delegate The Task Of Quantifying The Amount Of Award To A Chartered Accountant: Calcutta High Court Case Title: Usha Martin Limited versus Eastern Gases Limited The Calcutta High Court has held that the arbitrator can indeed take assistance from a third party, including a Chartered Accountant, however, it cannot completely delegate the important function of quantifying the amount of award to any third party. Limitation Period For Invoking Arbitration Cannot Be Extended By Consent: Delhi High Court Case Title: Extramarks Education India Private Limited versus Shri Ram School & Anr. Madras High Court: Arbitral Award Directing Specific Performance Of Contract, Cannot Be Set Aside On Ground Of Inequitable Nature Of Contract: Madras High Court Case Title: M/s.