Court Affirms Arbitrator's Ruling on Denial of Pre-Reference and Pendente Lite Interest in Project Delay Case: Delhi High Court
In a significant ruling under the Arbitration and Conciliation Act, 1996, the Delhi High Court has addressed a dispute between Kunal Food Products Pvt. Ltd. and the Delhi Development Authority (DDA) concerning the sale of a hotel plot and the invocation of a performance bank guarantee. Background of the Case Kunal Food Products Pvt. Ltd. (the petitioner) entered into an agreement with DDA (the respondent) for the sale of a…
