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#LiquidatedDamages
Bombay High Court Ruling: Arbitral Tribunal's Obligation to Provide Reasons while dealing with Liquidated Damages
The Bombay High Court’s recent judgment in HPCL v. GR Engineering Pvt Ltd has underscored the importance of reasoned decisions in arbitration proceedings. The case involved a dispute arising from a 2006 contract between Hindustan Petroleum Corporation Limited (HPCL) and GR Engineering Pvt Ltd (GRE) for the construction of LPG mounded bullets at a refinery...
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