SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2022 Supreme(Raj) 2768

PANKAJ BHANDARI, CHANDRA KUMAR SONGARA
State Of Rajasthan – Appellant
Versus
R. C. C. L. Infrastructure Ltd. – Respondent


Advocates Appeared:
Mr. Prakhar Gupta with Ms. Charvi Patni, for the Appellant; Ms. Sukriti Kasliwal with; Ms. Priyanka Tiwari, for the Respondent.

JUDGMENT

Pankaj Bhandari, J. - The appellant - State has preferred this Civil Miscellaneous Appeal under Section 37 of the Arbitration & Conciliation Act, 1996 (hereinafter referred to as ’the Arbitration Act’) aggrieved by the order dated 23.01.2020 passed by the Judge, Commercial Court No.1, Jaipur whereby objections filed by the appellant under Section 34 of the Arbitration Act were rejected and against the award dated 18.03.2018 passed by the Sole Arbitrator, Justice Shiv Kumar Sharma (Retired).

2. Succinctly stated the facts of the case are that the appellant issued a notice inviting tender on 08.04.2002 for widening and strengthening of Sikar-Jhunjhunu-Loharu Road. A corrigendum was issued on 18.05.2002. The respondent submitted its bid on 27.06.2002 for Rs.46,19,88,000/- with an Internal Rate of Return (IRR) of 37.98%. The total concession period specified by the respondent was 103 months and 15 days, including 24 months required for construction of the Project. The bid of the respondent was lowest and was approved by the Empowered Committee on 05.12.2002 and a letter of acceptance was issued on 16.12.2002. In pursuance thereof, a Concession Agreement was entered into on 14.02

                  Click Here to Read the rest of this document
                  1
                  2
                  3
                  4
                  5
                  6
                  7
                  8
                  9
                  10
                  11
                  SupremeToday Portrait Ad
                  supreme today icon
                  logo-black

                  An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

                  Please visit our Training & Support
                  Center or Contact Us for assistance

                  qr

                  Scan Me!

                  India’s Legal research and Law Firm App, Download now!

                  For Daily Legal Updates, Join us on :

                  whatsapp-icon telegram-icon
                  whatsapp-icon Back to top