Legal4 Jul 2025, 03:16 pm
Ceigall India Ltd Receives INR. 19.36 Crore Arbitration Award in Favour
AI Summary
Ceigall India Ltd has announced the receipt of an arbitration award in its favour, amounting to INR. 19.36 Crore. The award was issued by the Honourable Arbitral Tribunal under Section 31 of the Arbitration and Conciliation Act 1996, in the matter of Ceigall India Limited and Himachal Pradesh Public Works Department, Shimla, in relation to the project 'Widening to two lane with paved shoulder, strengthening and geometric improvement of NH-88 (New NH-103) from km. 95/0 (Near Kandror bridge) to km. 140/0 (Near Hamirpur) New RD 85/900 to 129/235 ) in the State of H.P (km. .113/100 to 129/235) New Chainage) Section-III'. The award includes future interest @ 9% w.e.f 04-10-2025.
Key Highlights
- Ceigall India Ltd receives INR. 19.36 Crore as Arbitration Award
- The award includes future interest @ 9% w.e.f 04-10-2025
- The award is from the Honourable Arbitral Tribunal under Section 31 of the Arbitration and Conciliation Act 1996
- The award is in relation to a project in Himachal Pradesh
- The award is in favour of Ceigall India Ltd against Himachal Pradesh Public Works Department, Shimla