Directions For Refund Of Consideration With Interest Must Be Considered Based On Conduct Of Parties During Arbitral Proceedings: Calcutta HC

The Calcutta High Court ruled that directions for a refund of an amount with interest must be considered in the background of the conduct of the parties during arbitral proceedings. This decision highlights the importance of fairness and equity in arbitration awards. The ruling ensures that refunds and interest are awarded based on the specific circumstances and conduct of the parties. It reflects the court's role in ensuring just outcomes in arbitration matters.