JUDGMENT

Navin Chawla, J. (Oral)

1. These petitions have been filed challenging the Arbitral Award dated 08.10.2017 passed by the learned Arbitral Tribunal adjudicating the disputes that had arisen between the parties in relation to the Build-Own-Operate-Transfer basis Agreement dated 29.01.2010 (in short `BOOT Agreement') entered into between the parties for the purpose of providing raw water facility at Indian Oil Corporation Ltd. (hereinafter referred to as the `petitioner'). In terms of the BOOT Agreement, IL&FS Paradip Refineries Water Ltd. (hereinafter referred to as the `respondent') was to construct/develop 5 facilities, that is, (a) water intake structure; (b) laying of about 93 KM water pipeline; (c) construction of water reservoir at the refinery; (d) water treatment plant; and, (e) three treated water sumps.

2. The respondent, before the learned Arbitral Tribunal, had raised the following claims:

"Claim 1: Refund of deductions made by Respondent in respect of payment made to OFDC totaling Rs.25,53,22,969/-.

Claim 2: Balance payment for the extra work done in respect of laying of Cuttack City pipe line amounting to Rs.32,62,62,322/-.

Claim 3: Interest Claim for the additio