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Oil And Natural Gas Corporation Ltd. vs Afcons Gunanusa Jv on 30 August, 2022

417. As discussed sed in the earlier parts of this judgment, the decision of this Court in Afcons (supra) held that the fees stipulated in the Fourth Schedule is the model fee schedule, and is binding on all parties. When an arbitral tribunal fixes the fees in terms of the Fourth Schedule, the parties are not permitted to object to the same. At the cost of repetition, we again reproduce the relevant observations: -
Supreme Court of India Cites 87 - Cited by 39 - D Y Chandrachud - Full Document
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