Delhi High Court Upholds Nominal Damages In Arbitration, Reiterates Proof Of Actual Loss Under Section 73 Contract Act

The Delhi High Court bench comprising Justice Avneesh Jhingan has upheld an arbitral award granting only nominal damages, reiterating that actual loss must be proved to claim compensation under Section 73 of the Indian Contract Act, 1872, and that courts exercising jurisdiction under Section 34 of the Arbitration and Conciliation Act, 1996 cannot...