IN THE HIGH COURT OF JUDICATURE AT MADRAS
N.ANAND VENKATESH, J
M/s.Tamil Nadu Salt Corporation Ltd. – Appellant
Versus
M/s.Aero Plast Limited – Respondent
ORDER
This is a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (for short, the Act) challenging the award passed by the sole Arbitrator dated 11.1.2019.
2. Heard both.
3. The case of the petitioner is as follows :
(i) The petitioner entered into a contract with the respondent for the supply of laminated roll and pouches for packing salt after the respondent became the successful bidder in the tender. After supply, the respondent made a claim for a sum of Rs.1,25,70,274.98 Ps from the petitioner. The petitioner also paid a sum of Rs.2,29,65,875/- to the respondent. This was in view of the fact that the respondent was charging 30% interest.
(ii) A dispute arose since the respondent made a claim for the alleged balance amount of Rs.1,20,70,274.98 Ps. But, the request made by the respondent did not yield any result. Hence, a reference was made under Section 16 of the Micro, Small and Medium Enterprises Development At, 2006 (for short, the MSMED Act) to the Haryana Micro and Small Enterprises Facilitation Council (for short, the Council). However, none appeared before it on behalf of the petitioner. Hence, the matter was referred for arbitration before the
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