Tag: Loss of Profit

Sanctioning Profit loss Claim Without Proof Conflicts with Indian Policy

Sanctioning Claim for Loss of Profit in Absence of Substantial Proof Is in Conflict with Public Policy of India: Apex Court

Friday November 3, 2023. BY Shivangi Dubey & Aaushi Doshi. | Arbitration and Conciliation

Introduction In the context of interpreting an award deemed to be patently illegal and conflicting with public policy, the Supreme Court in M/s. Unibros v. All India Radio[1], clarified that a claim for loss of