SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2021 Supreme(Online)(MAD) 39216

HIGH COURT OF MADRAS
Hon`ble Mr Justice ABDUL QUDDHOSE
ONGC CAUVERY ASSET – Appellant
Versus
M/S.STEEL AND GRIP – Respondent


J U D G M E N T

This appeal has been filed under section 37 of the Arbitration and Conciliation Act, challenging the order dated 03.06.2019 passed by the learned District Judge, Karaikal under section 34 of the Arbitration and Conciliation Act in A.O.P.No.1 of 2014 allowing the application filed by the Appellant in part by modifying the Arbitral Award both in favour of the Appellant as well as the respondent under the Arbitral award dated

05.05.2014.

2. The respondent was a successful bidder in a tender floated by the Appellant for the construction of 34 bunk houses at the Appellant's rig site. The Appellant executed a letter of award (LOA) dated 23.07.2009 in favour of the respondent awarding the tender to the respondent and thereafter, purchase order dated 24.09.2009 was also issued in favour of the respondent. Under the letter of award dated 23.07.2009, there is a condition which stipulates that 34 bunk houses will have to be constructed by the respondent and delivered to the Appellant within 120 days from the date of the said letter of award. The Appellant levied liquidated damages of Rs.10,22,631/- upon the respondent as according to the Appellant, the respondent delivered the bu

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top