Delhi High Court Fines DMRC Rs 5 Lakh for misusing arbitration correction provision
The Delhi High Court has imposed costs of Rs 5 lakh on the Delhi Metro Rail Corporation (DMRC) for misusing Section 33 of the Arbitration and Conciliation Act, 1996, by seeking substantive reconsideration of an arbitral award under the guise of correcting errors. A Division Bench of Justice C Hari Shankar and Justice Om Prakash…
