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2024 Supreme(Del) 633

VIBHU BAKHRU, TARA VITASTA GANJU
Power Grid Corporation of India Ltd. – Appellant
Versus
Jugendra Singh And Company – Respondent


Advocates appeared:
Mr. Pranay Kishore Mishra & Mr. B.K. Pandey, Advocates, for the Appellant.
Mr. Sunil Dalal, Senior Advocate with Mr. Vivek Jain, Mr. Nikhil Beniwal, Ms. Manisha Saroha, Mr. Navish Bhati, Ms. Aastha Tiwari, Ms. Tulasi Mukhi & Mr. Vikram Singh Dalal, Advocates, for the Respondent.

JUDGMENT

Vibhu Bakhru, J. (Oral)

1. Power Grid Corporation of India Ltd. - a Public Sector Undertaking of the Government of India has filed the present appeal under Section 37(1)(c) of the Arbitration and Conciliation Act, 1996 (hereafter the A&C Act) impugning the judgement dated 26.05.2023 (hereafter the impugned judgement) passed by the learned Commercial Court in OMP (COMM) 55 of 2021 captioned M/s. Jugendra Singh & Company v. M/s. Power Grid Corporation of India Limited. The respondent - M/s. Jugendra Singh & Company - had filed the said application [OMP (COMM) 55 of 2021] under Section 34 of the A&C Act for setting aside an arbitral award dated 01.05.2021 (hereafter the impugned award) rendered by an Arbitral Tribunal comprising of a Sole Arbitrator.

2. The impugned award was rendered in the context of disputes arising out of an agreement (hereafter the Contract Agreement) entered into by the parties pursuant to a Letter of Award dated 08.06.2004 (hereafter the LOA).

FACTUAL CONTEXT

3. By virtue of the LOA the respondent was awarded the work for "Construction of residential buildings (B, C and D type quarters) at 400/220 KV Sub-Station, Mainpuri (UP)". The Contract Price was fixed

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