S.RAJESWARAN
Ennore Port Ltd. – Appellant
Versus
Hindustan Construction Co. Ltd. – Respondent
2. The applicant initiated arbitral proceedings for recovery of a sum of Rs. 12,93,92.982/- against the respondent. The brief facts necessitating the filing of the application are as follows :-
3. The predecessor-in-interest of the applicant namely Chennai Port Trust and the respondent herein entered into a Rock Quarrying and Transportation Contract ("FCPP/CA Contract") namely agreement No. 24 dated 6-6-1996 to quarry and transport rock required for construction of the breakwaters at Innore from Karaikkal to the Innore Port Site. Under the said contract the quarried rocks were to be transported by rail from Melpakkam (near Arakkonam) to the Ennore Port Site. As per the terms of the contract rail rakes would be placed at
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