Arbitrator Treating Increase In Diesel Price By Govt. Circular As “Change In Law” Is Not A Possible Construction- SC Sets Aside Award

Arbitrator Treating Increase In Diesel Price By Govt. Circular As “Change In Law” Is Not A Possible Construction- SC Sets Aside Award*   Award set aside as arbitrator’s interpretation of treating increase in High Speed Diesel (HSD) price through govt. circular as “change in law” not possible SEAMEC LTD vs. OIL INDIA LTD., CA NO.…