Delhi High Court sets aside additional costs of Rs. 60 crores granted in favour of Jaiprakash Associates Ltd in absence of substantial evidence
An arbitral tribunal is also considered a court for the purposes of adjudication of claims before it and is often subject to the requirement of providing reasons while granting a party any relief, not for the purposes of adjudicating the validity of an order but for the satisfaction, understanding and notional justice for all the parties involved.