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IN THE HIGH COURT OF JUDICATURE AT MADRAS
N. ANAND VENKATESH, J
Dhanalakshmi Srinivasan Builders and Housing Private Limited – Appellant
Versus
Chhapra-Hajipur Expressways Limited – Respondent
| Table of Content |
|---|
| 1. formation and financial details of the 1st respondent company. (Para 2 , 3 , 4 , 5 , 6) |
| 2. concerns over project funding and management. (Para 7 , 10 , 11) |
| 3. potential contract termination by nhai endangers applicant's investment. (Para 8 , 9 , 16) |
| 4. court's observations on the ongoing arbitration and its implications. (Para 14 , 20 , 25) |
| 5. modification of interim order to form a joint committee. (Para 28 , 29) |
ORDER
This application has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 (for the sake of brevity, hereinafter referred to as ' the Act') for an interim injunction restraining the Board of Directors of the 1st respondent Company and its shareholders who are respondents 2 to 8 from in any manner initiating or precipitating any actions against National Highways Authority of India (NHAI).
2.The case of the applicant is that the 1st respondent Company was incorporated as a Special Purpose Vehicle (SPV) for carrying out the design, build, finance, operate and transfer of 4-laning of Chhapra-Hajipur Section of NH-19 in the State of Bihar. A Concession Agreement dated 14.05.2010 was entered into by NHAI and the SPV detailing various terms
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