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IN THE HIGH COURT OF DELHI AT NEW DELHI
Amit Bansal, J
RCCIVL-LITL (JV) – Appellant
Versus
Union of India – Respondent
| Table of Content |
|---|
| 1. procedural context of award enforcement and reconciliation of calculation disputes. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8) |
| 2. determination of interest entitlement and quantification of claims based on arbitral interpretation. (Para 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27) |
| 3. application of section 31(7) of the arbitration and conciliation act regarding post-award interest calculation on total sums. (Para 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39) |
| 4. final judicial directions for the payment of outstanding dues under the award. (Para 40 , 41 , 42) |
JUDGMENT
AMIT BANSAL, J.
1. The present petition has been filed under Section 36 of the Arbitration and Conciliation Act (‘Act’) seeking enforcement of the final award dated 7th November, 2022 (‘Award’) passed by an Arbitral Tribunal comprising a Sole Arbitrator (‘Arbitral Tribunal’).
2. RCCIVL-LITL (JV), the claimant in the arbitration proceedings, is hereinafter referred to as the ‘decree holder’ and the Union of India, the respondent in the arbitration proceedings, is hereinafter referred to as the ‘judgment debtor’.
3. The Arbitral Tribunal allowed certai
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