Damodar Ropeways and Infra Limited Formerly Known as Indian Ropeway and Engineering Co. Limited v. Shree Jivdani Temple Trust Also Known as Shree Jeevdani Devi Mandir Trust
Case brief
What is this about?
Section 34 Arbitration and Conciliation Act 1996 challenge dismissed; arbitral award upheld; termination of ropeway and aerial trolley agreements validated; delay and failure to secure VVCMC permission (MRTP Act Section 44) attributed to contractor; development charges Rs.42 lakh unpaid; loss of profit / damages claim rejected; expenses claim rejected for unproved invoices; inadequacy of reasons not a ground to interfere; OPG Power meaningful reading of award applied; Associates Builders, ONGC Western Geco, Kochar Constructions, K.P. Poulose held inapposite; Jivdani Temple ropeway BOT dispute; Maharashtra Public Trusts Act public trust; counterclaim rejected; refund of security deposit Rs.10 lakh; Bombay High Court Commercial Arbitration Petition CARBP-48 of 2024.
What did the court decide?
No relief to the Petitioner; the Arbitration Petition is dismissed with no order as to costs, leaving the arbitral Award dated 15 January 2024 undisturbed (including its direction for refund of security deposit of Rs.10,00,000/-).