The case involves a civil appeal against a High Court order that appointed an arbitrator in a dispute between HPCL Bio-Fuels Ltd. (appellant) and Shahaji Bhanudas Bhad (respondent). The dispute arose from tenders floated by the appellant for enhancing the capacity of process stations and Boiling House at Lauriya and Sugauli. The respondent participated in the bidding process and was declared the successful bidder. Purchase orders were issued, and the respondent supplied equipment and raised invoices. Concerns arose regarding the slow progress of work, quality of materials, and non-adherence to timelines. The respondent issued a legal notice invoking arbitration, but the appellant did not respond. The respondent then filed an arbitration petition in the High Court,
…HPCL Bio-Fuels Ltd. (appellant) floated tenders for enhancing capacity at Lauriya and Sugauli. M/s Shahaji Bhanudas Bhad (respondent) was the successful bidder. Purchase orders were issued, and the respondent supplied equipment, raising invoices for Rs. 38,18,71,026/-. The appellant expressed concerns about the slow progress and quality. Between 2012 and 2013, the appellant paid Rs. 19.02 crore, leaving a balance of Rs. 18,12,21,452/-. The respondent sent a legal notice on 09.07.2016, invoking arbitration. On 16.02.2018, the respondent filed an arbitration petition in the High Court, which was withdrawn on 01.10.2018. Subsequently, on 15.10.2018, the respondent initiated CIRP against the appellant under Section 9 of the IBC. The NCLT admitted the application, but the
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Appellant floated…
Appellant floated…
The case involves a civil appeal against a High Court order that appointed an arbitrator in a dispute between HPCL Bio-Fuels Ltd. (appellant) and Shahaji Bhanudas Bhad (respondent). The dispute arose from tenders floated by the appellant for enhancing the capacity of process stations and Boiling House at Lauriya and Sugauli. The respondent participated in the bidding process and was declared the successful bidder. Purchase orders were issued, and the respondent supplied equipment and raised invoices. Concerns arose regarding the slow progress of work, quality of materials, and non-adherence to timelines. The respondent issued a legal notice invoking arbitration, but the appellant did not respond. The respondent then filed an arbitration petition in the High Court,
…HPCL Bio-Fuels Ltd. (appellant) floated tenders for enhancing capacity at Lauriya and Sugauli. M/s Shahaji Bhanudas Bhad (respondent) was the successful bidder. Purchase orders were issued, and the respondent supplied equipment, raising invoices for Rs. 38,18,71,026/-. The appellant expressed concerns about the slow progress and quality. Between 2012 and 2013, the appellant paid Rs. 19.02 crore, leaving a balance of Rs. 18,12,21,452/-. The respondent sent a legal notice on 09.07.2016, invoking arbitration. On 16.02.2018, the respondent filed an arbitration petition in the High Court, which was withdrawn on 01.10.2018. Subsequently, on 15.10.2018, the respondent initiated CIRP against the appellant under Section 9 of the IBC. The NCLT admitted the application, but the
…Appellant floated…
Appellant floated…