JUDGMENT

B P Colabawalla, J. - By this petition filed under section 34 of the Arbitration & Conciliation Act, 1996 (for short "the Act"), the petitioner challenges the Interim Award dated 25th April, 2017, passed by the Arbitral Tribunal to the extent it awards and determines:

(i) that the Concession Agreement dated 25th August, 2006 was validly terminated, both on account of Political Force Majeure Events and material default on the part of the Petitioner thereby holding / finding that the issue of liability against the Petitioner is finally determined;

(ii) that the hearing stands bifurcated and all quantum related issues deferred to a second phase to decide the quantum of the Respondent's claims;

(iii) the issues that would arise in the second stage of the arbitration as set out in paragraph 83 of the Impugned Award;

(iv) that there was no conciliation under the Arbitration and Conciliation Act, 1996;

(v) that the second phase may involve a brief set of pleadings whereby the Respondent may make fresh quantum claims, and the Petitioner may file its response to the quantum, claims, and do