Bharat Heavy Electricals v. M/S.Ub Engineering Limited
Case brief
What is this about?
Petition under Section 34 of the Arbitration and Conciliation Act challenging an award on a works contract. The court held that all claims except those discussed at the parties' settlement meeting and covered by the final bill were barred by limitation, that the contractual no-claim certificate did not bar further claims, and that interest was prohibited by the contract.
What did the court decide?
Award set aside as regards Claims 1, 2, 3, 5 and 9 and interest thereon; award on Claim 7 upheld, with interest payable on Rs.65,16,665.40 from the date of award at 18% per annum till realization.