P.BHAVADASAN
IVRCL LIMITED (FORMRLY IVRCL, INFRASTRUCTURES & PROJECTS LTD. ) – Appellant
Versus
UNION OF INDIA – Respondent
The applicant has approached this Court under Section 11 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as 'the Act') for appointment of an Arbitrator to resolve the dispute between the petitioner and the respondent.
2. The petitioner had contracted for three works relating to Ezhimala Naval Academy and they are, Agreement No.7/2005-06 which gives rise to A.R. No. 69 of 2014, Agreement No. 8/2007-08 which gives rise to A.R. No. 67 of 2014 and Agreement No. 9/2005-06 which gives rise to A.R. No. 68 of 2014. Agreement No. 7/2005-06 relates to the work of the main building, Agreement No. 8/2007-08 relates to large scale construction and Agreement No.9/2005-06 relates to residential quarters, each valued at Rs.125 Crores, Rs.32.65 Crores and Rs.62.76 Crores respectively. The time for completion of the work was 24 months with respect to Agreement Nos. 7/2005-06 and 8/2007-08 and 18 months with respect to Agreement No. 9/2005-06.
3. The petitioner would aver that during the work, several deviations and changes were incorporated by the respondent and large
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