Oil and Natural Gas Corporation Ltd vs Sapura Fabrication SDN BHD

Judgment text excerpt

2026:BHC-OS:12621 Katkam CARBP 720-2024 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO. 720 OF 2024 Oil and Natural Gas Corporation Limited ….. PETITIONER :VERSUS: Sapura Fabrication SDN BHD now known as VTEB Fabrication SDN BHD …. RESPONDENT Mr. Zubin Behramkamdin, Senior Advocate with Ms. Sana Khan, Ms. Sakshi Kashyap, Ms. Arundhati Korale and Mr. Paras Gupta i/b Jurisperitus Mumbai for the Petitioner. Mr. Naresh Thacker with Mr. Alok Jain, Mr. Samarth Saxena, Ms. Ria Garg and Ms. Vanshika Kainya for Respondent. CORAM: SANDEEP V. MARNE, J. RESERVED ON: 27 APRIL 2026 PRONOUNCED ON: 9 JUNE 2026 JUDGMENT: 1. This is a Petition filed under Section 34 of Arbitration and Conciliation Act, 1996 (Arbitration Act) challenging the Award made by the three-member Arbitral Tribunal dated 4 May 2024, as modified vide Section 33 Order dated 29 June 2024. By the impugned Award, the Arbitral Tribunal has rejected one claim, partly allowed two claims and has fully allowed three claims raised by the Respondent in relation to performance of contract for redevelopment of ONGC’s Mumbai High South Field. ________________________________________________________________________________________________ PAGE NO. 1 OF 73 09 JUNE 2026 Katkam CARBP 720-2024 2. Petitioner-ONGC awarded contract to the Respondent for redevelopment of its Mumbai High South Field located about 160 km west- northwest of Mumbai, which included various works such as installation of Wellhead Platforms RS-18, RS-20 and RS-21, installation of clamp-on structures on Platforms RS-2 and RS-11, laying of submarine pipeline for 115.9 km, laying submarine cables etc. Respondent completed the work on time and Petitioner paid USD 214.71 million, Euro 7.81 million and