SENBO ENGINEERING LTD. Vs. UNION OF INDIA

JUDGEMENT

(1.) This arbitration application has been preferred under Sub Section 6 of section 11 of the Arbitration and Conciliation Act, 1996 for appointment of an Arbitrator for the dispute arisen between the parties to this arbitration application, in pursuance of an agreement dated 31st October, 2014 (Annexure-1) and especially clause no. 64 thereof.

(2.) Having heard counsels for both the sides and looking to the facts and circumstances of the case, it appears that an agreement has been entered into between the parties to this Arbitration Application on 31st October, 2014 (Annexure-1 to the memo of this arbitration application). For ready reference clause no. 64 thereof reads as under:

(3.) The contract was for construction of the bridges within the State of Jharkhand which was terminated and hence, the dispute has arisen for the sizable amount, as claimed by this applicant.