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IN THE HIGH COURT OF DELHI AT NEW DELHI
JASMEET SINGH, J
NATIONAL HIGHWAYS AUTHORITY OF INDIA (NHAI) – Appellant
Versus
SOUTH INDIAN BANK LTD AND UNION BANK OF INDIA LTD – Respondent
| Table of Content |
|---|
| 1. petitions for setting aside arbitration awards. (Para 1 , 2 , 4) |
| 2. details of construction agreements and financial arrangements. (Para 3 , 5 , 6 , 7 , 8) |
| 3. disputes regarding project delays and claims. (Para 9 , 10 , 11 , 12) |
| 4. overview of arbitral award findings. (Para 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20) |
| 5. contentions raised by petitioner. (Para 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29) |
| 6. defendants' arguments regarding contract interpretation. (Para 30 , 31 , 32 , 33 , 34) |
| 7. court's observations on jurisdiction and scope. (Para 35 , 36 , 37 , 38 , 39) |
| 8. grounds for setting aside arbitral award. (Para 41 , 42 , 43 , 44) |
| 9. final decision on the arbitration award. (Para 90) |
JUDGMENT
1. These are petitions filed under section 34 of Arbitration and Conciliation Act, 1996 (“1996 Act”) seeking setting aside of the Arbitral Award dated 13.11.2024 passed by the Arbitral Tribunal (“AT”).
2. Since both the petitions were heard together and the submissions of the learned counsel for the parties are identical in both the petitions, the said petitions are decided by this common judgment.
3. The only difference between O.M.P. (COMM) 125/2025 and O.M.P. (COMM) 126/2025 is
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