The Signature Not Verified Digitally signed by CHARANJEET KAUR Date 2018.07.03 163135 IST Reason Arbitrators, under Claim No.
44,92,800/ per annum from 26.09.1988 to 22.03.2001.
The present SLPs are filed against the High Court judgments and orders dated 23.07.2015 05.11.2015 passed by the High Court.
12 awarded interest pendente lite at 12 on the award of Rs.
The Arbitration proceedings companymenced on 26.09.1988 and the award was passed on 22.03.2001.
30 lacs excluding security deposits amounting to Rs.
Further, the High Court dismissed the review application filed by the appellant.
The appellant M s Raveechee and Co. and the respondent Union of India entered into a companytract dated 02.06.1981 for quarrying, stacking and loading stone ballast, broken stone aggregate, rubble etc.
from the Western Railway quarry at Udvada at an estimated companyt of Rs.
The respondent challenged the order of the Civil Court dated 29.07.2004 in appeal.
An award for the Claim Nos.
The award was made a rule of the Court by an order dated 29.07.2004 under Section 17 of the Arbitration Act of 1940 hereinafter referred to as the Act by the Civil Court.
1,34,87,044/ raised by the appellant.
The Arbitral Tribunal companyprising of Shri N.K. Gupta, Chief Engineer CS and Shri R.K. Sinha, Director, Finance, KRCL, awarded a total of Rs.
12 i.e. Interest.
The appellant thereafter filed a Civil Miscellaneous Application No.22 of 2001 along with the award dated 22.03.2001 in the Civil Court.
The Arbitrators awarded the appellant interest pendente lite at 12 on the award for damages excluding security deposits amounting to Rs.
The Arbitrators awarded amounts in favour of the appellant as follows Claim No.1 Rs.
1 12 raised by the appellant was made.
44,92,800/ from 26.09.1988 to 22.03.2001.
A. BOBDE, J. Leave granted.
These Civil Appeals arise out of the final judgment and order of Gujarat High Court dated 23.07.2015 in F.A No 189 of 2005 and the final judgment and order dated 5.11.2015 in MCA No 3178 of 2015 in A No 189 of 2005.
The appellant, aggrieved by the High Courts judgment and order dated 23.07.2015 filed a review application before the High Court.
The present dispute relates to the amount awarded under Claim No.
The High Court partly allowed the appeal of the Respondent Union of India and quashed Order of the Arbitrators and set aside the amount awarded by them in respect of Claim No 12.
55,81,000/. Thereafter, disputes arose between the parties due to which the appellant called upon the General Manager, Western Railway to appoint Arbitrators in order to settle the dispute.
76,43,800/ as against the claim of Rs.
