India: Arbitrator Cannot Rewrite Terms Of Agreement On Account Of Commercial Difficulty: Delhi High Court - Phoenix Legal

India: Arbitrator Cannot Rewrite Terms Of Agreement On Account Of Commercial Difficulty: Delhi High Court - Phoenix Legal

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The High Court of Delhi (High Court), in the recent judgment of Union of India, Ministry of Railways, Railway Board v. M/S Jindal Rail Infrastructure Limited, held that it is not open for the arbitral tribunal under the Arbitration and Conciliation Act, 1996.

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