21 September 2023
Mumbai (Maharashtra)/ New Delhi [India], September 20: Cyril Amarchand Mangaldas advised and represented SEIL Energy Private Limited (SEIL) in arbitration proceeding initiated against it by NCC Limited (NCC), on disputes arising out of EPC contracts aggregating to Rs 2557 crore. In a significant order, the arbitral tribunal allowed claims of Rs 700 crore against NCC, while accepting claims of Rs 101 crore against SEIL. The orders that analyzed and addressed significant legal issues pertaining to extension of time claim, imposition of liquidated damages in alleged case of concurrent delays by both employer and contractor. The Disputes Practice of Cyril Amarchand Mangaldas advised on the matter. The matter was led by Kapil Arora, Partner; with support from Manjula Baxla, Principal Associate; Aditi Tambi, Principal Associate; Palak Nagar, Senior Associate; Prashasthi Bhat, Associate.
Mumbai (Maharashtra)/ New Delhi [India], September 20: Cyril Amarchand Mangaldas advised and represented SEIL Energy Private Limited (SEIL) in arbitration proceeding initiated against it by NCC Limited (NCC), on disputes arising out of EPC contracts aggregating to Rs 2557 crore. In a significant order, the arbitral tribunal allowed claims of Rs 700 crore against NCC, while accepting claims of Rs 101 crore against SEIL. The orders that analyzed and addressed significant legal issues pertaining to extension of time claim, imposition of liquidated damages in alleged case of concurrent delays by both employer and contractor. The Disputes Practice of Cyril Amarchand Mangaldas advised on the matter. The matter was led by Kapil Arora, Partner; with support from Manjula Baxla, Principal Associate; Aditi Tambi, Principal Associate; Palak Nagar, Senior Associate; Prashasthi Bhat, Associate.
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