JUDGMENT

O.M.P. (COMM) 393/2020

1. The present petition is filed under Section 34 of the Arbitration and Conciliation Act,1996 for setting aside the Award dated 08.04.2014 passed by learned Sole Arbitrator, on disputes arising out of a contract for the work relating to 'Construction of WAPCOS Office Complex at 76 C', Sector-18, Gurgaon'.

2. The respondent/claimant raised the following claims in the arbitral proceedings:-

Claim No. 1 Claimants claim Rs. 76,61,322.78/- towards non-payment of final bill.

Claim No. 2 Claimants claim Rs. 6,12,066.22/-towards interest on nonpayment of final bill.

Claim No. 3 Claimants claim Rs. 6,09,802.29/- towards interest on the delayed payments of 15th Running account bill.

Claim No. 4 Claimants claim Rs. 62,32,453.67/- towards payment of balance amount of escalation.

Claim No. 5 Claimants claim Rs. 2,88,862/-on account of interest on delayed payments of running account bills from 1st to 14th R/A.

Claim No. 6 Claimants claim Rs. 78,88,313.70/- on account of loss of profit due to non-completion of the project within the stipulation period of completion o