SANJEEV SACHDEVA, J
1. The appellant has filed the present appeal impugning the
judgment dated 11.03.2015, whereby the objections filed by the
Appellant under section 34 of the Arbitration and Conciliation Act,
1996 (hereinafter referred to as the Act) to the Arbitral Award dated
27th November 2014 have been dismissed.
2. The disputes between the parties arise out of contract dated 7th
October 2011. Under the contract, Respondent Transmmonia AG
Zurich (hereinafter referred to as TAG) had agreed to supply and sell
to Appellant MMTC, a net quantity of 2,00,000 metric tonnes
(“MTs”) of Granular/Prilled bulk Urea (“product‟) on CFR basis,.
The product was to be loaded in 4/8 lots at the option of TAG. The
rate was US Dollars (“USD”) 525 per metric tonne (“PMT”).
Source: Indian Kanoon