(1.) By way of present appeal filed under Sec. 37(1)(c) of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the 'Act'), the appellant impugns the order dtd. 15/12/2018 passed in Arbitration Case No. 68/2017 whereby its objections filed under Sec. 34 of the Act against the Award dtd. 27/7/2018 were dismissed.
(2.) The parties are related to each other through a Contract Agreement dtd. 21/3/2014, whereby the Appellant had engaged the respondent as a Contractor for collection of User Fee at Kharik Toll Plaza at km 333.150 (for length of 69.961 km at Khagaria-Purnia Sec. of NH-31 in the State of Bihar). The respondent was appointed pursuant to an e-tender issued by the appellant. The contract period was for one year i.e., from 25/3/2014 to 24/3/2015.
(3.) The respondent alleged loss of revenue and lodged a claim for damages to the tune of Rs.1,35,26,024.00 on account of reduction in the collection of User Fee in the period from 3/7/2014 to 24/11/2014. The respondent also sought return of penalty amount of Rs.88,93,346.00 levied on it by the appellant. Additionally, interest @ 18% p.a. was claimed on the principal sum awarded alongwith cost of litigation.