Arbitrator Cannot Award Interest Higher Than Claimed; Res Judicata Not Inferable from Reasoning on Different Issues: Bombay HC

The Bombay High Court has partly allowed a petition filed by TJSB Sahakari Bank Ltd., upholding an Arbitral Award that directed the return of Fixed Deposit receipts and LIC policy amounts to a guarantor who had alleged coercion. Justice Sandeep V. Marne, while dismissing the Bank’s challenge on the grounds of res judicata and patent

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