RATTAN INDIA POWER LTD. vs BHARAT HEAVY ELECTRICALS LTD.

Judgment text excerpt

$~P-1 and 2 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Decided on: 06.03.2025 + O.M.P. (COMM) 372/2017 & I.A. 12098/2017 RATTAN INDIA POWER LTD. .....Petitioner versus BHARAT HEAVY ELECTRICALS LTD. .....Respondent + OMP (ENF.) (COMM.) 149/2017, EX.APPL.(OS) 99/2022, EX.APPL.(OS) 1683/2023, EX.APPL.(OS) 1046/2024, I.A. 13749/2017 & I.A. 13750/2017 BHARAT HEAVY ELECTRICALS LTD. .....Decree Holder versus RATTAN INDIA POWER LTD. .....Judgement Debtor Appearance: Mr. Tanmaya Mehta, Mr. Divyansh Rathi, Ms. Sumedha Rathi, Mr. Yash Gaur, Advocates for petitioner in item No. 1. Mr. Jayant Mehta, Sr. Advocate with Mr. Rameezuddin Raja, Mr. Namit Suri, Ms. Tanya Sharma, Advocates for BHEL. Mr. Rajat Navet and Mr. Kushagra Pandit, Advocates for judgment debtor in item No. 2. CORAM: HON’BLE MR. JUSTICE PRATEEK JALAN JUDGMENT O.M.P. (COMM) 372/2017 1. By way of this petition under Section 34 of the Arbitration and Conciliation Act, 1996 [“the Act”], the petitioner assails an interim award dated 27.07.2017, by which a three-member Arbitral Tribunal has Signature Not Verified Digitally Signed O.M.P. (COMM) 372/2017 & connected matter Page 1 of 31 By:PARUL VASHIST Signing Date:06.03.2025 18:26:42 awarded Rs. 115 crores in favour of the respondent, on an application filed by the respondent under Section 31(6) of the Act. The interim award was passed on the ground that the petitioner had admitted the respondent’s claim to this extent. A. Factual Background 2. The arbitral proceedings arose from a Letter of Award [“LoA”] dated 11.10.2010, by which the respondent was entrusted with the task of design, engineering, manufacturing, inspection, testing, etc. of a Boiler Turbine Generator [“BTG”] for the petitioner’s 5x270 MW Thermal Power Plant at Amravati, Maharashtra.1 3. Pursuant to the LoA