Arbitration Proceedings against Rajasthan PWD
Rajasthan PWD after paying INR 14 Crores (USD 2.3 Million) to a BOT Road Concessionaire on account of drastic shortfall in tollable traffic due to closure of mining, thought that the matter stands finally settled. Inspite of denial regarding the existence of arbitrable disputes by the State Government, the Concessionaire who has retained Legacy Law Offices succeeded in getting a Sole Arbitrator appointed from the Hon’ble High Court of Rajasthan under Section 11 of the Arbitration & Conciliation Act, 1996.
Mr. Gagan Anand, Managing Partner of the Law Firm supported by lawyers from the Delhi office of the Law Firm represented the Concessionaire Company against the Rajasthan PWD in the ongoing Arbitration Proceedings at Jaipur for adjudicating upon its claims. The arbitration proceedings were concluded in a period of less than six (6) months and the Ld. Sole Arbitrator awarded a total amount of approximately INR 70 Crores (USD 11 Million) to the Concessionaire Company.