tax) of Rs.5,17,99,999.99. Upon issuance of the purchase order dated 21.12.2021. Petitioner entered into a detailed Vendor Agreement for Services/Material Supply/Works dated 23.12.2021 with the Respondent. Clause 15 of the agreement provides that the matter will be referred for arbitration. The agreement further provides that the sole arbitrator is to be appointed by the respondent and the arbitration is to be held at New Delhi. Learned counsel for the petitioner submitted that after the issuance of the purchase order the petitioner based on the initial timelines, began mobilizing its resources and submitted a detailed initial schedule on 10.01.2022 which envisaged the issue of Good for Construction drawings by the Respondent by 15.01.2022 based on which a detailed schedule was to be drawn out providing for the works as envisaged in the purchase order dated 21.12.2021 to be completed by 31.05.2022. Learned counsel for the petitioner submitted that however instead of issuing the drawings, the respondent issued an amended purchased order dated 24.01.2022 and Delivery Date was revised to 31.08.2022 and the Payment Terms was also revised to Net 75 Days from 60 days. Upon this, the dispute arose between the parties and the work could not be commenced. Learned counsel for the petitioner submits that their invoices for 3 progress claims on 06.09.2022 totaling amount of Rs. 71,26,299/- were submitted to the respondent. However, the respondent paid a sum of Rs. Rs. 36,61,883/- the rest were withheld and remained unpaid.
