TARAPORE & COMPANY vs NATIONAL THERMAL POWER CORPORATION LTD.

Judgment text excerpt

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 20.12.2025 Judgment pronounced on: 12.05.2026 + CS (OS) 1499/2008 TARAPORE & COMPANY ....Plaintiff Through: Ms. Priya Kumar, Sr. Adv. with Ms. Neelampreet Kaur, Adv. versus M/S NATIONAL THERMAL POWER CORPORATION LTD. ....Defendant Through: Ms. Kanika Agnihotri, Adv. + OMP 408/2008 M/S NATIONAL THERMAL POWER CORPORATION LTD. ....Petitioner Through: Ms. Kanika Agnihotri, Adv. versus M/s TARAPORE & CO., ENGINEERS & CONTRACTORS ....Respondent Through: Ms. Priya Kumar, Sr. Adv. with Ms. Neelampreet Kaur, Adv. CORAM: Digitally Signed By:MAYANK Signing Date:12.05.2026 OMP No. 408/2008 & CS(OS) No. 1499/2008 Page 1 of 96 20:38:05 HON'BLE MR. JUSTICE JASMEET SINGH JUDGMENT 1. These are two petitions challenging the Arbitral Award dated 14.03.2008. M/s Tarapore and Co. 1 was the claimant before the Arbitrator whereas National Thermal Power Corporation 2 was the respondent and Counter Claimant before the Arbitrator. 2. NTPC has preferred O.M.P. No. 408/2008 under Section 34 of the Arbitration and Conciliation Act, 1993 challenging the Arbitral Award to the extent of allowing of Claim Nos. 1(ii), 2, 3 and 4 raised by the Tarapore Co. and to the extent of rejection/partially allowing of Counter Claim Nos. 2, 3, 4, 6 and 8 raised by NTPC. On the other hand, Tarapore has preferred C.S. (OS.) No. 1499/2008 filed under Section 33 of the Arbitration Act, 19404 challenging the Arbitral Award to the extent of rejection/ partially allowing of Claim Nos. 1(i), 2, 4, 5, 6, 7, 8, 9 and 10 raised by Tarapore and to the extent of allowing Counter Claim Nos. 1, 2, 5 and 7 raised by NTPC. FACTUAL BACKGROUND 3. NTPCis a Government Enterprise and is engaged in the construction and establishment of Super Thermal Power Projects and ge