LAWS(MAD)-2006-9-427

CHENNAI PORT TRUST REP BY ITS CHAIRMAN Vs. GREAT EASTERN SHIPPING COMPANY LIMITED; MR JUSTICE G RAMANUJAM, PREMPLOYEES STATE INSURANCE CORPORATIONDING ARBITRATOR; MR JUSTICE M N CHANDURKAR, ARBITRATOR AND MR JUSTICE K SWAMIDURAI, ARBITRATOR

Decided On September 02, 2006
Chennai Port Trust Rep By Its Chairman Appellant
V/S
Great Eastern Shipping Company Limited; Mr Justice G Ramanujam, Premployees State Insurance Corporationding Arbitrator; Mr Justice M N Chandurkar, Arbitrator And Mr Justice K Swamidurai, Arbitrator Respondents

JUDGEMENT

(1.) This Original Petition has been filed under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter called 'the Act') to set aside the award dated 27.2.2001 passed by the arbitrators/respondents 2 to 4 insofar as in allowing the claim of the 1st respondent.

(2.) In 1994 the petitioner Port Trust decided to hire a Tug in order to supplement the requirement of the Trust's fleet to assist the ships manoeuvring in the port. The hiring was for a period of 1 year and a tender was floated inviting offers.

(3.) The 1st respondent participated in the tender and their offer was accepted and a contract was entered into between the petitioner and the 1st respondent.