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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
| Table of Content |
|---|
| 1. jurisdictional challenges and procedural irregularities are examined. (Para 1 , 4 , 5) |
| 2. court affirms the validity of the arbitral award based on established reasons. (Para 6 , 30) |
| 3. contractual obligations and financial claims are evaluated. (Para 7 , 8 , 10) |
| 4. msmed act provisions govern arbitration validity. (Para 17 , 21) |
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. H
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