Arbitral Award Partly Set Aside as Tribunal Ignored GST Invoices on Non-Tendered Works

National Centre for Biological Sciences Tata Institute of Fundamental Research Vs URC Constructions Private Limited (Karnataka High Court) The Karnataka High Court considered an appeal filed by the National Centre for Biological Sciences (NCBS) under Section 37(1)(c) of the Arbitration and Conciliation Act, 1996, challenging the Commercial Court’s refusal to set aside an arbitral award arising out of a construction contract with URC Constructions Private Limited for a project valued at approximately Rs.43.57 crore. NCBS confined the appeal to a single issue concerning the valuation of no...