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DELHI HIGH COURT
VIBHU BAKHRU
National Highways Authority of India – Appellant
Versus
Afcons Infrastructure Ltd. – Respondent


Table of Content
1. overview of contractual obligations (Para 1 , 2 , 3 , 4 , 5)
2. dispute escalation and arbitration process (Para 6 , 7 , 8 , 9 , 10)
3. tribunal's assessment of claims (Para 11 , 12 , 13)
4. arguments presented by nhai and afcons (Para 14 , 15 , 16 , 17)
5. details on clause 52.2 of copa (Para 19 , 20 , 21 , 22)
6. determination of the new rate (Para 23 , 24 , 25)
7. tribunal’s rationale and findings (Para 26 , 27 , 28 , 29)
8. prior case law supporting tribunal's view (Para 30 , 31 , 32 , 33)
9. judicial review of arbitral decision (Para 34 , 35)
10. final ruling and dismissal of the petition (Para 36 , 37 , 38)

JUDGMENT

Vibhu Bakhru, J. The petitioner (hereinafter `NHAI') has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter the `A&C Act'), inter alia, impugning the Arbitral Award dated 30.08.2012 (hereinafter `the impugned award') passed by the Arbitral Tribunal comprising of Mr. SK Jain (Presiding Arbitrator), Mr. Amar Singh Chauhan and Mr. P Sridharan.

2. The impugned award was rendered in respect of disputes that had arisen between the parties in relation to a contract dated 22.05.2001 (hereinafter `the agreeme

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