NTPC Ltd vs Larsen and Toubro Limited

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2021 Supreme(Del) 697

VIBHU BAKHRU
NTPC Ltd – Appellant
Versus
Larsen and Toubro Limited – Respondent

Advocates Appeared:
For the Petitioner: Mr. Aman Lekhi, ASG with Mr. Adarsh Tripathi, Mr. Vikram S. Baid, Mr. Ritwiz Rishabh, Mr. Ajitesh Garg.
For the Respondent:Mr. Dayan Krishnan, Senior Advocate with Mr. Dhirendra Negi, Ms. Tanya Tiwari, Mr. Sukrit Seth.

JUDGMENT :

Vibhu Bakhru, J.

1. The parties have filed these petitions under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter the ‘A&C Act’) impugning an arbitral award dated 12.06.2020 (hereinafter ‘the impugned award’) delivered by the Arbitral Tribunal constituted of three members, Mr. Arun Kumar, I.A.S (Retd.), Justice M.Y. Eqbal (Retd.) and Justice Dr Mukundakam Sharma (Retd.) as the Presiding Arbitrator (hereafter ‘the Arbitral Tribunal’).

2. The controversy in the present case arises in the following context:

2.1 Tenders were invited by NTPC Limited (hereafter ‘NTPC’) for implementation of contracts relating to setting up of the Khargone Super Thermal Power Project (hereinafter ‘the Project’). The work was divided into three packages as under:

Contract Package 1	CIF Supply (Indian Port of Entry)
Contract Package 2	Ex-works (India) Supply
Contract Package 3	Inland Transportation, Inland Insurance, Civil Works, Structural Works, Installation. Testing & Commissioning of EPC Package (Indian Port and Entry)

2.2 Larsen a

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2021 Supreme(Del) 697

VIBHU BAKHRUNTPC Ltd – AppellantVersusLarsen and Toubro Limited – Respondent

VIBHU BAKHRU
NTPC Ltd – Appellant
Versus
Larsen and Toubro Limited – Respondent