Rashtriya Chemicals and Fertilizers (RCF) has won an arbitration award of Rs. 173.72 crore from one of its contractors for the breakdown of two gas turbo generators (GTGs). A single-member arbitral court handed over the award and directed the contractor, whose name was not disclosed by the company, to repair and reinstate both GTGs at RCF’s plant at their own cost under the defect liability clause. The arbitrator also allowed RCF’s claim for additional expenditure incurred on power and directed the contractor to pay Rs. 173.72 crore with an interest of 10% from the date of claim. Additionally, a sum of Rs. 95 lakh was to be paid by the contractor as arbitration cost to the company.
Arbitral Tribunal Orders RCF’s Contractor to Pay Rs 173.72 Crore for Two GTGs Breakdown
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