Fri. Jan 22nd, 2021

Bses Yamuna Power Ltd. & Anr. vs M/S.Talupula Engg.Co. on 22 January, 2016

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1. Award dated December 26, 2006 passed by the Arbitral Tribunal
comprising three members has been upheld by the learned Single Judge
as per the impugned order dated April 29, 2015, save and except the
claim regarding interest. As against 12% per annum for claim No.7 and
18% per annum for rest of the claims, the learned Single Judge has
reduced the interest to 10% per annum. No cross-objections or cross-
appeal has been filed by the respondent. The appellant which had a laid a
challenge to the award is aggrieved by the decision of the learned Single
Judge and thus our concern in the appeal would be to the issues decided
by the learned Single Judge other than the reduction in the rate of interest.

Source: Indian Kanoon

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