SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2007 Supreme(Del) 1786

A.K.SIKRI
Indian Oil Corporation – Appellant
Versus
Lloyds Steel Industries Ltd. – Respondent


Advocates appeared:
For Appellant/Petitioner/Plaintiff:Rajiv Dutta, Sr. Adv., Rashi Malhotra and Kirat Singh, Advs. For Respondents/Defendant: Rajiv Shakdhar, Sr. Adv., Amitabh Marwah and Ashish, Advs.

JUDGMENT

A.K. Sikri, J.

1. The respondent herein was awarded certain contracts by the petitioner. These works were executed by the respondent but there was delay in the execution of the contract. Clause 4.4.0.0. of the General Conditions of Contract provided for liquidated damages in case of delay in execution. Invoking this clause the petitioner recovered the maximum liquidated damages as provided, i.e. 10% of the contract value, from the respondents last running account bill. The respondent agitated as according to it no such liquidated damages were payable. The contract provided arbitration clause, which was invoked by the respondent. The learned arbitrator went into this question and has rendered his impugned award dated 28.4.2003 holding that the imposition of liquidated damages by the petitioner was not justified. The present petition is filed by the petitioner challenging this award. The question, as is clear from the above, is about the competence of the petitioner to recover the liquidated damages and scope of this petition is to consider as to whether the impugned award deciding this question is liable to be interfered with in exercise of this Courts jurisdiction under Se





















































































































































Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top