Krishak Bharati Cooperatiive Ltd Vs Alutec Inc

Whether since the party in dispute is not been able to show any grounds or basis, on the basis of which the findings recorded by the Arbitrator can be held to be vitiated, there is nothing unreasonable about the methodology used to compute the dues payable - YES: HC

Whether therefore, settled legal position that the court shall not ordinarily substitute its interpretation of the terms of the contract with the interpretation of the arbitrator, need not to be interfere - YES: HC

Whether since parties has entered into a contract in 1994 when the dollar exchange rate vis-a-vis Indian rupee been far less, the interest rate as awarded by the Arbitrator should be reduced - YES: HC

- Petition dismissed : DELHI HIGH COURT