JUDGEMENT

DINESH KUMAR SHARMA, J. (Oral)

1. The present petition has been filed under Section 34 of the Arbitration and Conciliation Act, 1996, inter-alia seeking setting aside of the Arbitral Award dated 23.08.2023 (hereinafter referred to as "the impugned Award") passed by the Ld. Arbitral Tribunal Comprising of Justice Dipak Misra, Justice K.K. Lahoti and Justice Parthasakha Datta in the Arbitration case titled as "M/s Larsen and Toubro Ltd Vs. NTPC Limited". The summary of the award as encapsulated by the learned Arbitral Tribunal is inter-alia as under:

“311. Accordingly, for the reasons set out hereinabove, the Tribunal, under the provisions of the Arbitration Act, allows the claim in favour of the Claimant and against the Respondent as per the following terms and quantification:

312. Resultantly, in view of the foregoing analysis and findings, the Tribunal hereby passes an award, under the provisions of the Arbitration Act, for a total of Rs.9.02,84,509/- along with interest, as directed hereinbefore, with costs of Rs.70,00,000/- in favour of the Claimant and against the Respondent. The said amount is hereby recoverable in law by the Claimant from the Respondent by vir