Tag: Loss of Profits
June 18, 2025
Faq | Corporate
Faq | Corporate
Loss of Profit Must Be Proven, Not Presumed: Delhi High...
In the matter of Union of India v. Ahluwalia Contracts (India) Ltd , the Hon’ble High Court of Delhi ("Court") addressed the evidentiary standards required for claiming loss of profits in arbitral proceedings....
August 14, 2024
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Damages Awarded for Loss of Profit are Patently Illegal...
In the recent case of M/S Plus91 Security Solutions v NEC Corporation India Private Limited (Erstwhile NEC Technologies Private Limited) , the Delhi High Court ruled that an Arbitral Tribunal awarding damages for loss of profits was patently illegal if the same was against the terms of the contract. ......