Madras High Court Rules Emden Formula Not Applicable for Dealership Agreement Damages Assessment. Case Title: Hyundai Motor India Ltd. v. St. Antonys Cars Pvt. Ltd. Case Number: OSA No. 38 of 2021 | Madras High Court | Justice P. Velmurugan and Justice K. Govindarajan Thilakavadi The Madras High Court has set aside an arbitral award to the extent it awarded damages to a former automobile dealer by applying the Emden formula, holding that the formula, being confined to comput