Dilip Buildcon invokes arbitration against NHAI for road project in Karnataka
India, Feb. 5 -- Dilip Buildcon had invoked arbitration against the National Highways Authority of India (NHAI) seeking certain relief as eligible to it on account of various delays and breaches committed by the NHAI during execution of the construction of Rehabilitation and Upgradation of Kerala Border to Kollegala Section of NH 212 Km 136.600 to Km 268,475 -excluding Km 239.600 to Km 241.520 in the State of Karnataka to two lane with paved shoulders/Four lanes under NHDP IVA on EPC basis awarded under EPC agreement dated: 06 June 2014.The financial implication of the award is in tune of Rs. 46 Crore 9 Lacs (inclusive of interest up to date of the award). Pursuant to the Award, NHAI is liable to pay the Dilip Buildcon the said amount forth...
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