NATIONAL HIGHWAYS AUTHORITY OF INDIA vs YEDESHI AURANGABAD TOLLWAY LIMITED

Judgment text excerpt

$~ IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 30 July 2024 Pronounced on: 16 January 2025 + O.M.P. (COMM) 277/2024, I.A. 32883/2024 NATIONAL HIGHWAYS AUTHORITY OF INDIA .....Petitioner Through: Mr. Sanjay Jain, Sr. Advocate with Mr. Santosh Kumar, Ms. Bhabna Das, Ms. Nidhi Rani, Mr. Devansh Malhotra, Mr. Adithya Ramani, Mr. Yuvraj Sharma, Ms. Palak Jain, Ms. Harshita Sukhija, Mr. Nishank Tripathi and Ms. Jagriti Pandey, Advocates. versus YEDESHI AURANGABAD TOLLWAY LIMITED .....Respondent Through: Mr. Vikram Nankani, Sr. Advocate with Mr. Ritin Rai, Sr. Advocate with Mr. Karan Bharihoke, Mr. Anirudh Bakhru, Mr. Rishi, Mr. Ruchir Daulat, Ms. Teressa R. Daulat, Ms. Devika Mohan, Mr. Mohanish Patkar, Ms. Charu Shriyam Singh, Ms. Pragya Gautam, Mr. Aalam Bir Singh and Mr. H. Bir Singh, Advocates. CORAM: HON'BLE MR. JUSTICE C. HARI SHANKAR JUDGMENT(ORAL) % 16.01.2025 I.A. 32883/2024 in O.M.P. (COMM) 277/2024 1. This judgment disposes of IA 32883/2024, filed by the Signature Not Verified Signature Not Verified Digitally Signed Digitally Signed By:AJIT KUMAR O.M.P. (COMM) 277/2024 By:CHANDRASHEKHAR Page 1 of 170 AN HARI SHANKAR Signing Signing Date:26.01.2025 Date:26.01.2025 22:25 22:24 petitioner under Section 36(3)1 of the Arbitration and Conciliation Act, 19962. 2. A unanimous arbitral award rendered by a learned three- Member Arbitral Tribunal, awarding, to the respondent Yedeshi Aurangabad Tollway Ltd3 and against the petitioner National Highways Authority of India4, a principal amount of ₹ 1503.15 crores, along with interest on ₹ 1357.36 crores from 20 October 2022 till payment of the said amount, and further directs extension of the Concession Period, as per the Concession Agreement5 dated 30 May 2014 executed between NHAI and Yedeshi by a period of 689 days, s