The NHAI’s wins major arbitration case NEW DELHI: NHAI, in a recent arbitration case, has got an arbitration order in its favour, rejecting the majority of claims – against the claim of Rs 3,177 crore by a contractor; the arbitral tribunal awarded only Rs 46 crore to settle the case.In an official statement, the highways authority said that the arbitration case involved 151-km Bareilly-Sitapur BOT (Toll) highway project in Uttar Pradesh.The dispute arose after NHAI terminated the concession agreement with Bareilly Highways Project Limited (BHPL), a company promoted by Era Infra Engineering Ltd, in May 2019. The concessionaire had sought compensation of around Rs 3,177 crore through 30 claims before a three-member arbitral tribunal.In its award, the tribunal allowed only three claims worth about Rs 46 crore, along with applicable interest, while rejecting the overwhelming majority of the claims. The tribunal also upheld the validity of the “supplementary agreement” signed on March 30, 2015, and ruled that delays in the project were concurrent, weakening the concessionaire’s case.NHAI had filed counterclaims relating to financial losses and public inconvenience caused by the stalled project. Although these counterclaims were not accepted, the authority successfully defended itself against the bulk of the concessionaire’s claims, substantially reducing its potential financial exposure.The latest ruling adds to a series of arbitration successes for NHAI this year. In June, it secured an award of Rs 1,202 crore in the Tumkur-Chitradurga six-laning project in Karnataka. Earlier, arbitration in the Panipat-Jalandhar highway project involving claims exceeding Rs 8,000 crore was settled at Rs 819.96 crore in NHAI’s favour. In another case relating to the Kamrej-Chalthan section of NH-48 in Gujarat, claims of Rs 174.5 crore were reduced to just Rs 54 lakh.toiedGet the latest India News and Live updates. Download the TOI app.End of ArticleFollow Us On Social MediaVideosKangana Ranaut Slams Gen Z-led CJP Protests, Calls Viral Protest Reels “Puke Inducing” OnlineDelhi Fast Track Court Directs Prosecutor Appointment, Adjourns NEET Accused Bail Pleas Till Aug 3Delhi-Haridwar Highway Traffic Alert: Major Restrictions Announced Ahead of Kanwar Yatra 2026Bombay HC Allows Gadkari To Sue Meta, Google, X Corp Over Defamatory AI Deepfake ContentWhy PM Modi Handed The Education Ministry To Pralhad Joshi?Bihar Police Officer Seen Firing AK-47 At Student Protestors Suspended; Opposition Mounts AttackMEA Debunks Viral Claim Misquoting Randhir Jaiswal On Alleged Foreign Funding Of CJP Protests’Breach Of Trust’: CJP Slams Centre, Says ‘Protesters Arrested In Assam, Bengal, Bihar’Centre Forms ‘High-Powered’ Task Force For Exams Overhaul; Technology, Cybersecurity, Policy ReformsNHAI’s New Toll Calculation Rule Could Reduce Highway Toll Charges By Up To 40%123PhotostoriesYour lymphatic system depends on movement: Here’s how lymphatic walking may help support better healthDengue can look like a simple viral fever at first: Doctor reveals the warning signs that help tell the difference before complications beginHandloom vs powerloom: Here’s how to tell the difference before you buyWhy ancient Indian brides didn’t use soap before their wedding: The science behind the haldi traditionOptical illusion personality test: The first thing you spot in this picture reveals your true inner power9 must-try Omelettes from around the world and what makes them so popularStudy says screen time may damage brain development in kids under two: 5 simple ways to keep toddlers happy without screensMonsoon Alert: 6 Signs there might be a snake near your homeThe hidden meaning of bridal kaleeras: Know the forgotten history behind Punjab’s most emotional wedding traditionMasters of disguise: India’s most elusive camouflaged snakes and where to find them123Hot PicksUP Police Constable ResultB Architecture admissionGold price predictionIndian rupeeUmar KhalidRupaidiha border crossingUP electionsTN supplementary resultsCBSE 12 supplementary examTop TrendingDelhi US Student DeathBihar Bandh ViolenceCWG ScheduleDelhi Metro New Interchange StationsBengaluru Mother SuicideNEET Aspirant SuicideMumbai ProtestJantar Mantar ProtestHarbhajan singhIND U19 vs Sri Lanka U19
NEW DELHI: NHAI, in a recent arbitration case, has got an arbitration order in its favour, rejecting the majority of claims – against the claim of Rs 3,177 crore by a contractor; the arbitral tribunal awarded only Rs 46 crore to settle the case.In an official statement, the highways authority said that the arbitration case involved 151-km Bareilly-Sitapur BOT (Toll) highway project in Uttar Pradesh.The dispute arose after NHAI terminated the concession agreement with Bareilly Highways Project Limited (BHPL), a company promoted by Era Infra Engineering Ltd, in May 2019. The concessionaire had sought compensation of around Rs 3,177 crore through 30 claims before a three-member arbitral tribunal.In its award, the tribunal allowed only three claims worth about Rs 46 crore, along with applicable interest, while rejecting the overwhelming majority of the claims. The tribunal also upheld the validity of the “supplementary agreement” signed on March 30, 2015, and ruled that delays in the project were concurrent, weakening the concessionaire’s case.NHAI had filed counterclaims relating to financial losses and public inconvenience caused by the stalled project. Although these counterclaims were not accepted, the authority successfully defended itself against the bulk of the concessionaire’s claims, substantially reducing its potential financial exposure.The latest ruling adds to a series of arbitration successes for NHAI this year. In June, it secured an award of Rs 1,202 crore in the Tumkur-Chitradurga six-laning project in Karnataka. Earlier, arbitration in the Panipat-Jalandhar highway project involving claims exceeding Rs 8,000 crore was settled at Rs 819.96 crore in NHAI’s favour. In another case relating to the Kamrej-Chalthan section of NH-48 in Gujarat, claims of Rs 174.5 crore were reduced to just Rs 54 lakh.toied
