JUDGMENT :

1. This civil revision has been filed against the impugned award (Annexure-A/1) dated 18.1.2017, passed by the Chhattisgarh Arbitration Tribunal, Raipur in Reference Petition No. 1 of 2016.

2. The revisioner/applicant is a company incorporated under the provisions of the Companies Act, 1956. Respondent No.1 – State of Chhattigarh floated a notice inviting tender dated 5.9.2006 for construction and maintenance of rural roads. The applicant submitted his bid which was the lowest and on that basis, he was awarded the tender vide agreement dated 23.4.2007. As per the requirement of the contract, the applicant has deposited 5% of the contract amount amounting to Rs.35,72,000/- as security deposit in terms of clause 33 of the Agreement and also submitted performance security for the same. Eight roads were proposed to be constructed under this agreement, which are as under:-

1. Nayapura to Patpar

2. Gaourmati to Gaourjhumar

3. Main Road to G. Khamariya

4. Main Road to Magarwah

5. Nawagaon to Pailpur

6. Tendu to Karhi

7. Thankhamhariya Saja Road to Kotgaon

8. Singhangarh to Kuanrachhriya

The date of completion of the project was proposed as 22.4.2008.

3. There was a provision for extension