JUDGMENT :

Ravi Krishan Kapur, J.

1. This is an application under section 36(2) of the Arbitration and Conciliation Act, 1996 (‘the Act’). The petitioner prays for stay of an award dated 21 December, 2019 (‘the award’).

2. The award has been passed in respect of disputes and differences which had arisen out of three interconnected and inter-linked contracts entered into by and between the parties for construction of two units of 600 M.W power plants each near Raghunathpur in the District of Purulia, West Bengal.

3. The award directs the petitioner to pay the respondent a sum of approximately of Rs.898 crores, particulars whereof are set out hereunder :

Cash Component of Award-Rs.898 Crores (approx.) - pending since December, 2019