JAIPRAKASH ASSOCIATES LIMITED Vs. NHPC LIMITED

JUDGEMENT

(1.) The captioned interlocutory application represents objections filed on behalf of the defendant i.e. NHPC Limited (hereafter referred to as "NHPC") under Sections 30 & 33 of the Arbitration Act, 1940 (in short "1940 Act").

(2.) The application was heard by me at some length on 04.04.2019. In the proceedings held on that date, I had recorded the submission of counsel for parties with regard to the main issue at hand. While I wanted to dispose of the matter on 04.04.2019, I was persuaded by Mr. Nath, who, appears for NHPC, to stand over the matter as he wanted to place on record certain judgments for my consideration.

(3.) A perusal of the aforesaid extract of my order dated 04.04.2019 would demonstrate that the objections taken by NHPC to the impugned Award and the clarification issued thereafter by the learned Arbitrator veers around one principal issue, which is, the directions contained in the impugned Award qua payment of interest by NHPC to the non-applicant/plaintiff i.e. Jai Prakash Associates Limited (in short "JAL").