1. The petitioner, Rail Land Development Authority (hereinafter
‘RLDA’), has filed the present petition under Section 34 of the Arbitration
and Conciliation Act, 1996 (hereinafter ‘the Act’) for setting aside the award
dated 30.04.2016 (hereafter ‘the impugned award’) passed by the Arbitral
Tribunal (hereafter ‘the Tribunal’) constituted by Mr. Chander Parkash, Mr.
M.R. Garg and Mr. S.P. Mehta (presiding). By the impugned award, the
Tribunal has adjudicated the disputes raised by Bhagwati Rail Infra Pvt. Ltd
(hereinafter ‘BRIPL’) – a company incorporated under the Companies Act,
1956 – in respect of a Development Agreement dated 06.02.2013 entered
into between the parties for development of a Multifunctional Complex
(MFC) over Railway’s land at Jhansi railway station.
Source: Indian Kanoon