N.SATHISH KUMAR
Chennai Petroleum Corporation Ltd. , Represented by its Chief General Manager [HR & Legal], M. Sankaranarayanan – Appellant
Versus
Ion Exchange [India] Ltd. , Registered office at ‘Ion House', Chennai – Respondent
JUDGMENT :
(Prayer: Petitions filed under section 34 (2) (b) (ii) & 2-A of the Arbitration and Conciliation Act,. 1996, O.P.No.492 of 2020 to partially set aside the impugned arbitral Award dated 23.04.2018 modified vide Order dated 03.09.2018, in so far as it directs payment of a sum of Rs.1,09,33,063/- to the respondent with interest thereon and allow this petition in costs and O.P.No.544 of 220 filed to set aside the Arbitral Award dated 23 April 2018 [Received on 26 April 2018] passed by the Arbitral Tribunal in so far as related the claim Nos.1 to 4, 5, 7 and 9 to 14 rejected by the Arbitral Tribunal with costs.)
1. Aggrieved over the award passed by the learned sole arbitrator, O.P.No.492 of 2020 filed by the respondent to set aside the award. O.P.No.544 of 2020 has been filed by the claimant against the award disallowing certain claims.
2. Since both the Original Petitions arise out of the same award, the parties are referred as per their ranking in O.P.No.492 of 2020 and the petitioner in O.P.No.492 of 2020 Chennai Petroleum Corporation [CPCL] is referred as the claimant and the
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