Proof of Actual Loss Is Essential for Awarding Damages in an Arbitration Dispute: Delhi High Court

The Delhi High Court has made a significant decision in a case involving the Union of India and M/s Pragati Construction Consultants, emphasizing that damages awarded in arbitration for contract delays must be supported by proof of actual loss. The court partly set aside the arbitral award, clarifying the legal requirements for awarding damages in such cases. Background of the Dispute and Contract Details The dispute arose from a railway…