Union of India v. Shri.s.K.Selvam
Case brief
What is this about?
The Madras High Court considered an original petition to set aside an arbitral award and a related injunction application. The court set aside the award only regarding two specific heads (EMD and performance guarantee refund) and directed the refund of the guarantee.
What did the court decide?
The Arbitral Award was set aside only in respect of the EMD of Rs.95,700/- and a direction to refund the performance guarantee of Rs.2,35,700/- was issued.