JUDGMENT

Prateek Jalan, J. (Oral)

I.A. 21327/2022 [application on behalf of the petitioner seeking appropriate directions to the Registry for taking on record the bank guarantee dated 22.11.2022] & I.A. 2494/2023 [application on behalf of the respondent for dismissal of the objection petition]

1. OMP(COMM) 432/2017 has been filed by SEPCO Electric Power Construction Corporation [hereinafter, "SEPCO"] under Section 34 of the Arbitration and Conciliation Act, 1996 [hereinafter, "the Act"] challenging an award dated 17.10.2017 [Annexure P/1 to SEPCO's list of documents.], rendered by a three-member arbitral tribunal adjudicating disputes between SEPCO and Power Mech Projects Ltd. [hereinafter, "Power Mech"] under a contract agreement dated 13.12.2010 and a supplementary agreement dated 13.10.2012.

2. The arbitral tribunal allowed the claim of Power Mech to the extent of Rs.142,42,73,979/-and SEPCO's counter claim to the extent of Rs.1,59,480/-[after adjustment of some amount against one of the claims of Power Mech]. Consequently, the tribunal passed an award in the sum of Rs.142,41,14,499/-in favour of Power Mech.

Facts

3. After the filing of the present petition by SEPCO, Power Mech