The case involves an appeal against an order dated 10.11.2020 by the District Judge, Commercial Courts-03, Patiala House Courts, which dismissed objections under Section 34 of the Arbitration and Conciliation Act, 1996, against an interim award dated 13.08.2020 passed by the learned Arbitrator. The dispute arose from a contract awarded to the respondent by the appellant for erection, testing, commissioning, and trail operation of boilers. Disputes led to arbitration, and the appellant moved an application under Section 14 of the Insolvency and Bankruptcy Code, 2016, due to CIRP proceedings against the respondent. The Arbitrator adjourned proceedings sine die but later resumed them. The respondent filed a Statement of Claim, and the Arbitrator granted an interim award
…Bharat Heavy Electricals Limited (BHEL), the appellant, invited tenders for erection, testing, commissioning, and trail operation of boilers. The contract was awarded to M/S. Zillion Infraprojects Pvt. Ltd. (Zillion), the respondent, for Rs. 380,000,000/-. Disputes arose, and Zillion invoked arbitration. BHEL moved an application under Section 14 of the Insolvency and Bankruptcy Code, 2016, due to CIRP proceedings against Zillion. The Arbitrator adjourned proceedings sine die but later resumed them. Zillion filed a Statement of Claim for Rs. 22,24,10,826/-. BHEL submitted claims in Form B before the Interim Resolution Professional (IRP), admitting a set-off amount of Rs. 69,03,671.85/-. The Arbitrator granted an interim award for this amount. BHEL challenged the
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The learned District Judge, Commercial…
The Sole Arbitrator allowed the application of…
The case involves an appeal against an order dated 10.11.2020 by the District Judge, Commercial Courts-03, Patiala House Courts, which dismissed objections under Section 34 of the Arbitration and Conciliation Act, 1996, against an interim award dated 13.08.2020 passed by the learned Arbitrator. The dispute arose from a contract awarded to the respondent by the appellant for erection, testing, commissioning, and trail operation of boilers. Disputes led to arbitration, and the appellant moved an application under Section 14 of the Insolvency and Bankruptcy Code, 2016, due to CIRP proceedings against the respondent. The Arbitrator adjourned proceedings sine die but later resumed them. The respondent filed a Statement of Claim, and the Arbitrator granted an interim award
…Bharat Heavy Electricals Limited (BHEL), the appellant, invited tenders for erection, testing, commissioning, and trail operation of boilers. The contract was awarded to M/S. Zillion Infraprojects Pvt. Ltd. (Zillion), the respondent, for Rs. 380,000,000/-. Disputes arose, and Zillion invoked arbitration. BHEL moved an application under Section 14 of the Insolvency and Bankruptcy Code, 2016, due to CIRP proceedings against Zillion. The Arbitrator adjourned proceedings sine die but later resumed them. Zillion filed a Statement of Claim for Rs. 22,24,10,826/-. BHEL submitted claims in Form B before the Interim Resolution Professional (IRP), admitting a set-off amount of Rs. 69,03,671.85/-. The Arbitrator granted an interim award for this amount. BHEL challenged the
…The learned District Judge, Commercial…
The Sole Arbitrator allowed the application of…