follows:-
Two Production Sharing Contracts (hereinafter referred to as “PSC”) for
the Tapti and Panna Mukta Fields were executed between Reliance Industries
Limited, the Union ... aforesaid, it would be necessary to analyse the relevant
articles of the PSC, to discover the real intention of the parties as to
whether
Bhatia International case and, thereafter,
analysed the relevant articles of the PSC to discover the real
intention of the parties as to whether the provisions ... performed by the parties under the substantive
contract i.e. PSC. In other words, the provisions contained in
Article 33.12 are not governed
Bhatia
International case and, thereafter, analysed the relevant
articles of the PSC to discover the real intention of the parties as
19
to whether ... performed by the parties
under the substantive contract i.e. PSC. In other
20
words, the provisions contained in Article 33.12 are
not governed
follows:-
Two Production Sharing Contracts (hereinafter referred to as
“PSC”) for the Tapti and Panna Mukta Fields were executed
between Reliance Industries Limited, the Union ... aforesaid, it would be necessary to
analyse the relevant articles of the PSC, to discover
the real intention of the parties as to whether
seat of
the present arbitration proceedings would be London, England;
and the PSC provided that the arbitration shall be conducted in
accordance with the UNCITRAL ... England; upon a meaningful reading of the aforesaid
articles of the PSC, the proper law of the contract was Indian law
and the proper
November 2001.
2. The Claimant in the Arbitration was manufacturing and
supplying PSC Sleepers to the Appellant. Disputes arose in relation
to a contract between ... refer to the factual background briefly.
i) The Respondent has been supplying PSC Sleepers to the
Railways since 1988. In May, 1995 order for supply
delay in supply of rails and sleepers required for the
launching of PSC girders, delay in payments etc. It was
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PSCs and
states that the governing law of the PSC is Indian law the
arbitration agreement contained in Article 34.12 (which is
almost identical
