2. Few facts, which are relevant and mentioned in the pleadings,
are that the respondent issued Notice Inviting Tender (NIT) bearing
No.CS-0330-364-9 dated 13th June, 2008, inviting tenders/bids
regarding construction work of ‘Permanent Township package for
Indira Gandhi Super Thermal Power Project, Jhajjar, Haryana [3 X
500 MW]’ (hereinafter referred to as the “Contract Work”).
2.1. In furtherance of the aforesaid NIT, the petitioner submitted its
tender/bid, upon scrutiny of which, the respondent issued the Letter
of Award (LoA) dated 20th May, 2009, awarding the aforesaid
Contract Work to the petitioner. A formal Contract/Agreement came
to be executed between the parties on 17th November, 2009. Clause
56 of the General Conditions of Contract (GCC) provides for
resolution of disputes by way of arbitration.
Source: Indian Kanoon