Arbitral Tribunal
Delhi High Court Upholds Arbitral Award Ordering NHAI To Pay ₹12.18 Crores To Toll Operator For Revenue Loss
The Delhi High Court has dismissed a challenge by the National Highways Authority of India (NHAI) against an arbitral award granted to Kochi Aroor Tollways Private Limited (KATPL), upholding a compensation amount of approximately ₹12.18 crores.The award addressed losses KATPL sustained on the Edapally–Vyttila–Aroor road stretch in Kerala, specifically due to incorrectly fixed toll rates, delays in declaring the Commercial Operation Date, and the costs associated with issuing free monthly passes...
Contractual Bar On Interest Binds Arbitrator; Delhi High Court Partly Sets Aside Award In BHEL–Delkon Dispute
In a dispute involving public sector undertaking Bharat Heavy Electricals Limited, the Delhi High Court has set aside a ₹66.50 lakh interest component of an arbitral award that had directed BHEL to pay Delkon India Private Limited. The court held that an arbitral tribunal cannot award interest where the contract expressly prohibits it, even if the termination of the contract is found to be illegal. A division bench of Justice V. Kameswar Rao and Justice Vinod Kumar ruled that the contractual...


