MANMOHAN SINGH
Goel Construction Co. – Appellant
Versus
Union of India – Respondent
1. The petitioner has filed objections under Section 34 of the Arbitration & Conciliation Act, 1996 (hereinafter referred to as the ‘Act’)by challenging the Award dated 21st September, 2012 passed by the sole Arbitrator.
2. The learned Arbitrator has passed the Award against the respondent to the following effect:
“i) A sum of Rs. 360659/- (claim No. 1: Rs. 120318 + claim No. 4: Rs. 25000 + claim No. 5: Rs. 215341) to the Claimant.
And
ii) Simple interest @9% per annum on amount of Rs. 360659/- with effect from 16.10.2008 till actual date of payment as awarded under against claim No. 7.
However, no future interest shall be paid if the entire awarded amount is paid to the Claimant within 60 days from date of receipt of award by the Respondent.
This is full and final settlement of all the claims of Claimant. Respondent had no claim.”
3. Brief facts are that the petitioner is a registered Government Contractor executing works contracts with Government and other local bodies. The petitioner submits that it entered into a contract with the respondent vide agreement dated 20th January, 2006 for the work of E.O.S.R. to residential quarters under 3/H sub division, New Delhi S
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