Electrical MFG. Co. Ltd. Vs. Power Grid Corpn. of India Ltd.
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Head Note
The Arbitration and Conciliation Act, 1996 - Arbitration Law
Arbitration - A Contract for "400 KV Transmission Line Power Package for Rihand - Kanpur - Eta- Kanpur Line" was awarded by National Thermal Power Corporation to the appellant herein - Contract was completed and the aforesaid line was taken over by NTPC - Extension of time for making the award - Held, If the Arbitral Tribunal insisted upon appropriate consent to extend the time, no fault could be found with. At the same time, if respondent No.1 was not willing to give such consent, the Arbitral Tribunal had to go on with the matter and make the award within the statutory period. The Division Bench was not right in observing that the Arbitral Tribunal showed undue haste in the matter. The Division Bench was not right and justified in allowing the appeal and setting aside the judgment and order passed by the Single Judge. Set aside the judgment and order passed by the Division Bench of the High Court of Delhi and restore the judgment and order dated 10.02.2024 passed by the Single Judge of the High Court of Delhi. Appeal allowed with no order as to costs.
Topic(s)-Arbitration - A Contract for "400 KV Transmission Line Power Package