PATEL ENGINEERING LIMITED vs ACRON DEVELOPERS PRIVATE LIMITED

1-carbp-26-2021.doc jsn IN THE HIGH COURT OF JUDICATURE AT BOMBAY 2024. Pronounced on : 14TH JULY, 2025 J U D G M E N T:- 1. By this Commercial Arbitration Petition, the Petitioner has sought for quashing and setting aside of the Award dated 1st February, 2020 of the Majority Arbitral Tribunal (“impugned Award”). There is a dissenting opinion by Mr. R.G. Kulkarni, Secretary, Irrigation (Retired) to Government of Maharashtra. 2. A brief background of facts is necessary and referred to 1/64 1-carbp-26-2021.doc as under:- (i) The Petitioner – Patel Engineering Ltd. had engaged an agency between January to April, 2010 with Company known as VCon for carrying out construction work at Smondoville Residential Apartments at Patel Neo Patel Town, Bengaluru. (ii) The Petitioner had invited tenders of Civil RCC / Architectural Finishing work for seven towers at Smondoville Residential Apartments at Patel Neo Patel Town, Bengaluru (“Project”) on 3rd June, 2010. (iii) The Respondent – Acron Developers Pvt. Ltd. submitted its final offer on 14th and 15th June, 2010 in respect of the project. A meeting was held between the parties for finalization of the Contract in respect of six towers, S9, S10,