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1 - 3 of 3 (0.20 seconds)Section 37 in The Arbitration And Conciliation Act, 1996 [Entire Act]
Asian Peroxide Ltd vs Linde India Ltd on 18 June, 2019
3.The learned counsel for the appellant has placed reliance on
the Order of this Court in Asian Peroxide Limited, vs. Linde
India Ltd., [O.P.No.1112 of 2018 dated 18.06.2019] wherein
this court has held that when the contract is difficult to estimate the
loss and parties have pre-estimated damages out of their
understanding, such amount agreed certainly has to be awarded
towards compensation. This Court taking note of the fact that the
contract is solely technical in nature and profit or loss cannot be
estimated with certainty only on that reason the parties have
entered into pre-estimated damages in the contract .
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