V.KAMESWAR RAO, J. (Oral)

IA 2096/2016

This is an application filed by the petitioner seeking condonation of four days delay in filing the instant petition. The delay of four days is beyond the period of three months but before the expiry of 30 days thereafter.

For the reasons stated in the application, the delay stands condoned.

Application is disposed of.

O.M.P. 10/2016

1. The challenge in this petition under Section 34 of the Arbitration & Conciliation Act, 1996 is to the Award dated October 14, 2015, passed by the learned Sole Arbitrator, whereby, the learned Arbitrator has granted the following reliefs to the petitioner herein:-

(i) for execution of work for Rs.96,643/- allowed.

(ii) for PVC bill for Rs. 2,00,000/- allowed.

(iii) refund of Earnest Money Rs.1,10,000/- allowed.

(iv) refund of Performance Guarantee Rs.2,94,200/- allowed.

(v) refund of Security Deposit Rs. 1,84,056/- allowed.

Further, interest @ 9% per annum is allowed on the aforesaid amounts from the date of the award till realisation.

2. The challenge in this petition, as urged by the learned counsel for the petitioner, is limited to the item no.2 above; rejection of the plea of cost and to the denia