JUDGMENT :

Prayer : This Petition has been filed under Section 34(2)(iv) of the Arbitration and Conciliation Act, 1996 praying to set aside the Award dated 16.06.2019 received on 17.06.2019 passed by the Arbitral Tribunal in the dispute arising out Contract Agreement dated 07.07.2015.

1. The respondent before the Arbitral Tribunal is the Petitioner herein. By this petition, the Petitioner assails the Arbitral Award dated June 17, 2019 (the Award) under Section 34 of the Arbitration and Conciliation Act, 1996 (the Arbitration Act).

2. A tender was floated by the Petitioner for providing visual elearning solutions for engineering graduates. The tender consisted of two parts, namely, a technical bid and financial bid. The respondent was the successful bidder and was awarded the Firm Order dated April 27, 2015. The Firm Order was to be implemented in two stages: the first stage involving design, development and delivery of e-learning solutions in DVD for 150 subjects at the rate of Rs.5.8 lakhs + taxes per subject; and the second stage involving implementation in the internet server of the Respondent at Rs.40/- + taxes per student per year and intranet servers installed at affiliated coll