JUDGMENT

Neena Bansal Krishna, J. (Oral)--The present petition has been filed under Section 14 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as "A & C Act, 1996") on behalf of the petitioner for deciding the question of mandate of the Arbitral Tribunal and for its reinstatement for the adjudication of the disputes between the parties.

2. Facts in brief are that the parties entered into an Agreement dated 26th May, 2011 pursuant to it being awarded in terms of the Letter of Award dated 29th April, 2011. The petitioner has submitted that the respondent was in default and various disputes arose which could not be settled despite amicable settlement process being initiated.

3. The petitioner invoked Arbitration Clause in terms of the Agreement vide its Letter dated 31st December, 2013. The Arbitral Tribunal was constituted which had its first meeting on 05th November, 2016. The schedule of the arbitration proceedings was fixed and the fee of the Arbitral Tribunal was agreed to be shared equally by the parties. The petitioner submitted its claims of Rs.39,99,00,115/- against the respondent before the Arbitral Tribunal. The respondent raised a Counter-Claim on 1