Mcdermott International Inc vs Burn Standard Co. Ltd. & Ors on 12 May, 2006
16. Since it was argued that the Arbitral Tribunal disregarded the
material terms of the Contract while making its assessment and failed to
consider the impact of sub clauses 70.1 to 70.3 (B) and exclusion in sub
clause 70.8, the law on the point needs to be briefly adverted to. In Mc
Dermott International Vs. Burn Standard Co. Ltd. (Supra) this Court held as
under:-