JUDGMENT

(Prayer: Original Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 praying to set aside the Award dated 05.10.2013 as modified on 05.01.2014, insofar as it disallows interest on the amount awarded under Claim I, disallows interest on the amount awarded under Claim II(a), disallows Claim III and Claim V, and awards a sum of Rs.1 crore to the respondent out of the amount encashed and sought for under Claim VII, and allows Counter Claim II.)

1. The claimant is the petitioner in the above petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, hereinafter called the Act, challenging the Award of the Arbitral Tribunal dated 05.10.2013 and the modified Award dated 05.01.2014. For ease of reference the parties are referred to in the same ranking as before the Arbitral Tribunal. Although the claimant had made claims under 10 headings, the Arbitral Tribunal has partially allowed 4 claims and with reference to one claim made under two heads, the Tribunal has allowed the claim only with reference to one head and rejected the claim