Supreme Court of India
Delhi Airport Metro Express Pvt. Ltd. v. Delhi Metro Rail Corporation Ltd.
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1 Supreme Court bench has cited this judgment.
What the Court ordered
In view of the foregoing, we set aside the findings of the High Court and uphold the award by the Tribunal in respect of the computation of Termination Payment unde r Clause 29.5.2. 1021 Grounds of challenge in SLP (C) No. 8311 of 2019 filed by DMRC.
Judgment, page 37
From the headnote
Arbitration and Conciliation Act, 1996: s. 34 – Interfe rence with the arbitral award – Scope of – On facts, arbi tration clause invoked on account of dispute pertaining to Metro R ail project between the parties – Arbitral tribunal held the termination notice issued by the appellant was valid and on basis of ‘Adjusted quity’ passed an award of Rs.2782.33 crore, along with interest, in favour of the appellant – Single Judge of the High Court d ismissed the petition u/s. 34 for setting aside the award – However, the ivision Bench partly set aside the award – On appeal, held: While decidi ng
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