Arbitral Tribunal cannot go beyond the covenants agreed between the parties in granting damages expressly barred: Division Bench of High Court of Delhi
The Division Bench of the High Court of Delhi in its recent judgement has held that an arbitral tribunal cannot grant damages under a contract if such damages are specifically barred from being claimed under the contract. The facts in brief are that Plus91 Security Solutions (‘Plus91’) and NEC Corporation India Private Limited (‘NEC’) entered …