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Signature Not Verified Digitally Signed O.M.P. (COMM) 52/2025 Page 9 of 24 By:RAHUL SINGH Signing Date:14.07.2025 18:59:12
h. It is also claimed that the project suffered from significant delay and structural defects, and despite repeated reminders, neither the contractor nor HPL addressed the shortcomings. It is submitted that in such circumstances, any claim for escalation, interest, or incentive lacks merit and is contrary to contractual stipulations. i. The award of interest at 12% and 18% per annum, and costs of ₹25 lakhs, is stated to be arbitrary and disproportionate, particularly in view of the absence of contractual privity and lack of sanction for excess work. The Petitioner/College asserts that no justification was provided by the Tribunal for the quantum of costs awarded.