Judicial Scope Under the 1940 Arbitration Act and Principles Governing Limitation and Interest

Highlights of the Judgment:
- Examination of limitation under Article 119(b) of the Limitation Act and Section 14(2) of the 1940 Arbitration Act regarding award filing knowledge.
- Analysis of judicial interference scope under Section 30 of the 1940 Act concerning legal misconduct and errors apparent on record.
- Distinction between the 1940 and 1996 Arbitration Acts regarding the permissibility of awarding interest on interest.
- Review of arbitral grants covering loss of profit, overheads, and reduced productivity arising from project delays.
- Interpretation of formal contract requirements under the Mumbai Municipal Corporation Act for invoking arbitration clauses.