Validity of Arbitral Award - determination of loss / award - ...

Tribunal's Damages Award Criticized for Misapplying Hudson's Formula, Resulting in Inflated and Unfair Compensation Calculation.

September 27, 2023

Case Laws Indian Laws SC

Validity of Arbitral Award - determination of loss / award - Hudson’s formula like other formulae, which are only rough approximations of the cost impact of unabsorbed overhead, should be applied with great care and caution to ensure fair and just computation. - Arbitral tribunal in the present case has given complete go by to these principles well in place, overlooked care and caution required and taken a one-sided view grossly and abnormally inflated the damages. - SC

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Validity of Arbitral Award - determination of loss / award - ...

Tribunal's Damages Award Criticized for Misapplying Hudson's Formula, Resulting in Inflated and Unfair Compensation Calculation.

September 27, 2023

Case Laws Indian Laws SC

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