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SENTHILKUMAR RAMAMOORTHY
Tamil Nadu Transmission Corporation Ltd. (TANTRANSCO), Rep. by its Chief Engineer/Transmission, Chennai – Appellant
Versus
Insulators and Electricals Company, Proprietor M/s. Hindusdan Urban Infrastructure Limited, New Delhi – Respondent
JUDGMENT :
(Prayer in O.P.No.103 of 2010 This Petition has been filed under Section 34 of the Arbitration and Conciliation Act, 1996 praying to set aside the Award dated 17.08.2009 passed by the Respondents 2 and 4 in favour of the first Respondent and for costs.
W.P.No.30308 of 2004 This Writ Petition has been filed under Article 226 of the Constitution of India, to issue a writ of mandamus to direct the Respondents to release the following payments due to the Petitioner with interest at the rate of 12.25% p.a., in respect of the concluded contract P.O. No.833 dated 09.08.2000.
| Cash Security Deposit | Rs. 95,242.00 |
| Security Deposit with Bank Guarantee | Rs. 3,80,967.00 |
| Performance Bank Guarantee | Rs. 4,76,208.00 |
| Supply Bill Amount | Rs. 47,62,081.00 |
|
| Rs. 57,14,498.00 |
1. The Petitioner, the Tamil Nadu Transmission Corporation Ltd (TANTRANSCO), which was previously known as the Tamil Nadu Electricity Board (TNEB), was the respondent before the Arbitral Tribunal. An arbitral award dated 17.08.2009 (the Award) is assailed under Section 34 of the Arbitration an
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