Hindustan Petroleum Corporation Limited (HPCL) filed a Writ Petition challenging an order passed by an Arbitrator under Section 16 of the Arbitration and Conciliation Act, 1996, and an order passed by a Judge of the High Court under Section 11 of the Arbitration Act. The dispute arose from a tender floated by HPCL for civil and structural jobs at its 2G Ethanol Bio-Refinery in Bhatinda. Respondent No.2, Nice Projects Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) before the tender was floated, a fact allegedly concealed by the respondents. Respondent Nos. 1 and 2 formed a Joint Venture and submitted a bid, which was accepted by HPCL. Subsequently, HPCL terminated the purchase order due to delays and breaches of contract. The Joint Venture
…Hindustan Petroleum Corporation Limited (HPCL) floated a tender for civil and structural jobs at its 2G Ethanol Bio-Refinery in Bhatinda. Nice Projects Limited (Respondent No.2) was undergoing Corporate Insolvency Resolution Process (CIRP) at the time the tender was floated, a fact not disclosed in the tender documents. Om Construction (Respondent No.1) and Nice Projects Limited formed a Joint Venture to bid for the tender. The Joint Venture submitted a bid, which was accepted by HPCL, and a purchase order was issued. HPCL later terminated the purchase order due to delays and breaches of contract. The Joint Venture invoked the arbitration clause in the contract. Respondent No.1 filed an application under Section 11 of the Arbitration and Conciliation Act, 1996, for the
…Sign in to view the parties.
Respondent No.2, Nice…
The National Company Law Tribunal (NCLT)…
Hindustan Petroleum Corporation Limited (HPCL) filed a Writ Petition challenging an order passed by an Arbitrator under Section 16 of the Arbitration and Conciliation Act, 1996, and an order passed by a Judge of the High Court under Section 11 of the Arbitration Act. The dispute arose from a tender floated by HPCL for civil and structural jobs at its 2G Ethanol Bio-Refinery in Bhatinda. Respondent No.2, Nice Projects Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) before the tender was floated, a fact allegedly concealed by the respondents. Respondent Nos. 1 and 2 formed a Joint Venture and submitted a bid, which was accepted by HPCL. Subsequently, HPCL terminated the purchase order due to delays and breaches of contract. The Joint Venture
…Hindustan Petroleum Corporation Limited (HPCL) floated a tender for civil and structural jobs at its 2G Ethanol Bio-Refinery in Bhatinda. Nice Projects Limited (Respondent No.2) was undergoing Corporate Insolvency Resolution Process (CIRP) at the time the tender was floated, a fact not disclosed in the tender documents. Om Construction (Respondent No.1) and Nice Projects Limited formed a Joint Venture to bid for the tender. The Joint Venture submitted a bid, which was accepted by HPCL, and a purchase order was issued. HPCL later terminated the purchase order due to delays and breaches of contract. The Joint Venture invoked the arbitration clause in the contract. Respondent No.1 filed an application under Section 11 of the Arbitration and Conciliation Act, 1996, for the
…Respondent No.2, Nice…
The National Company Law Tribunal (NCLT)…