Vibhu Bakhru, J.

1. The petitioner (hereafter ‘SEWIL’) has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereafter ‘the Act’), inter alia, impugning the arbitral award dated 22.11.2017 (hereafter ‘the impugned award’) delivered by the Arbitral Tribunal comprising of three members, namely, Dr Vishwapati Trivedi, Sh M.M. Sharma and Sh K.K. Singal (hereafter ‘the Arbitral Tribunal’). The impugned award was rendered by the majority with Sh K.K. Singal passing a separate order dated 30.11.2017 in the matter.

2. The impugned award was rendered in the context of disputes that had arisen between the parties in relation to a contract dated 28.09.2007 (hereafter ‘the Agreement’), in terms of which SEWIL had agreed to carry out the civil work for the expansion of a Cold Rolling Mill Complex in Zone-2A of the respondent (SAIL).

3. The dispute between the parties related to the price payable by SAIL for the work of expansion of a Cold Rolling Mill Complex of SAIL’s Salem Steel Plant to SEWIL.

4. The controversy involved in the present petition relates to SEWIL’s claim for the entitlements with respect to three invoices raised on SAIL. The first in