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Delhi HC: Arbitrator Can’t Allow Forfeiture of Consideration Amount Without a Proof of Actual Loss - (23 May 2022)

ARBITRATION

Delhi High Court has held that the arbitrator cannot allow forfeiture of a substantial amount of consideration without the proof of actual loss solely on the ground that it was referred to as Earnest Money under the contract.

Tags : DELHI HIGH COURT   EARNEST MONEY   ARBITRATION  

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