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Showing contexts for: datar switchgear ltd. in Mahashtra State Electricity Board And ... vs Datar Switchgear Limited And The State ... on 3 August, 2005Matching Fragments
1. By this Petition filed under Section 34 of the Arbitration & Conciliation Act ( hereinafter referred to as the "Act" for the sake of brevity), the Petitioner challenges the award made by the Arbitral Tribunal dated 18-6-2004. By that award, the Arbitral Tribunal has directed the Petitioner No. 1 Maharashtra State Electricity Board to pay to the Respondent No. 1 Datar Switchgear Ltd. a sum of Rs. 185,97,86,399/-as damages in respect of work order dated 27th March, 1997. The Petitioner No. 1 MSEB has also been directed to pay interest at the rate of 10% p.a. on the sum of Rs. 179,15,87,009/-.