Supreme Court of India
M/s Unibros v. All India Radio
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From the headnote
Issue for consideration: Arbitral award in question if in confl ict with the public policy of India and; whether a claim on account of loss of profi t is liable to succeed merely on the ground that there has been d elay in the execution of the construction contract, attributable to the employer. Arbitration and Conciliation Act, 1996 – s.34(2)(b) – “Public policy of India” – Appellant awarded work contract by the respondent – Disputes between the parties owing to the delay in work, referred to Arbitrator – Vide First Award, appellant was awarded sum towards loss of profi t (Claim No.12) – Award
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