Bombay High Court says “the arbitrator’s approach was contrary to the contractual framework and unsupported by material evidence” — Court sets aside arbitral award in dispute involving Thermax Limited over EPC obligations and delay compensation

Bombay High Court says “the arbitrator’s approach was contrary to the contractual framework and unsupported by material evidence” — Court sets aside arbitral award in dispute involving Thermax Limited over EPC obligations and delay compensation

Court's decision The Bombay High Court allowed the Petition under Section 34 of the Arbitration and Conciliation Act and set aside the arbitral award, holding that the tribunal had failed…