The case involves two civil appeals arising from an order passed by the High Court for the State of Telangana at Hyderabad under Section 11(6) of the Arbitration and Conciliation Act, 1996, constituting an Arbitral Tribunal (AT) for dispute resolution as per the arbitration clause 22.2 in the General Conditions of Contract (GCC).
APGENCO floated a tender inviting bids from a Consortium of companies for an EPC contract for their Rayalseema Thermal Power Plant.
A Consortium comprising M/s Tecpro Systems Ltd., M/s VA Tech Wabag Ltd., and M/s Gammon India Ltd. was constituted on 17.08.2010.
Tecpro Systems Ltd. was designated as the Leader of the Consortium.
A Letter of Intent (LOI) dated 30.10.2010 was issued to the Consortium through Tecpro Systems Ltd.
Three Purchase Orders, dated 15.12.2010, were issued in favor of the Consortium.
Tecpro Systems Ltd. encountered severe financial distress, leading to project delays.
VA Tech Wabag undertook Tecpro Systems Ltd.'s scope of work and was recognized as the Lead Member.
…Sign in to view the parties.
A Consortium comprising M/s Tecpro Systems…
A Letter of Intent…
The case involves two civil appeals arising from an order passed by the High Court for the State of Telangana at Hyderabad under Section 11(6) of the Arbitration and Conciliation Act, 1996, constituting an Arbitral Tribunal (AT) for dispute resolution as per the arbitration clause 22.2 in the General Conditions of Contract (GCC).
APGENCO floated a tender inviting bids from a Consortium of companies for an EPC contract for their Rayalseema Thermal Power Plant.
A Consortium comprising M/s Tecpro Systems Ltd., M/s VA Tech Wabag Ltd., and M/s Gammon India Ltd. was constituted on 17.08.2010.
Tecpro Systems Ltd. was designated as the Leader of the Consortium.
A Letter of Intent (LOI) dated 30.10.2010 was issued to the Consortium through Tecpro Systems Ltd.
Three Purchase Orders, dated 15.12.2010, were issued in favor of the Consortium.
Tecpro Systems Ltd. encountered severe financial distress, leading to project delays.
VA Tech Wabag undertook Tecpro Systems Ltd.'s scope of work and was recognized as the Lead Member.
…A Consortium comprising M/s Tecpro Systems…
A Letter of Intent…