VIBHU BAKHRU
Engineers India Limited, Through Its Authorized Signatory – Appellant
Versus
Kimiya Engineers Private Limited, Through Its Director – Respondent
JUDGMENT :
Vibhu Bakhru, J.
1. Engineers India Limited (hereinafter ‘EIL’) has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter ‘the A&C Act’) impugning an Arbitral Award dated 01.09.2017 (hereinafter ‘the impugned award’) delivered by the Arbitral Tribunal comprising of a Sole Arbitrator (hereinafter ‘the Arbitral Tribunal’).
2. The impugned award was delivered by the Arbitral Tribunal in respect of disputes that had arisen between the parties in relation with an agreement dated 04.09.2013 (hereinafter ‘the Agreement’).
Factual Context
3. EIL entered into a Lease Deed dated 23.05.2011 with City and Urban Development Corporation, Maharashtra (CIDCO) for the construction of a multi-storied building for housing offices at Plot No. 85, Sector 11, Khargar, Navi Mumbai (hereinafter the ‘Project’), which was to be constructed within a period of four years.
4. EIL floated the first tender on 24.12.2012, which was later annulled. Thereafter, EIL issued a notice dated 22.05.2013, inviting bids for the construction of the aforementioned building. The respondent (hereinafter ‘KEPL’) emerged as the successful bidder and was awarded the Project.
5.
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