{"id":45412,"date":"2024-11-14T13:06:28","date_gmt":"2024-11-14T13:06:28","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=45412"},"modified":"2024-11-18T12:47:05","modified_gmt":"2024-11-18T12:47:05","slug":"sa-law-offices-successfully-represented-jindal-saw-limited-against-the-gas-authority-of-india-limited","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/sa-law-offices-successfully-represented-jindal-saw-limited-against-the-gas-authority-of-india-limited\/","title":{"rendered":"S&amp;A Law Offices successfully represented Jindal Saw Limited against the Gas Authority of India Limited"},"content":{"rendered":"<p><strong>The High Court of Delhi delivered a judgment on October 29, 2024, in the case of Gas Authority of India Ltd. (GAIL) vs. SAW Pipes Ltd. (SPL) (now Jindal Saw Ltd.).<\/strong><!--more--><\/p>\n<p>In the matter at hand, GAIL filed an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, challenging a judgment dated November 26, 2010, which upheld an arbitral award dated December 7, 2002, amended on March 21, 2003.<\/p>\n<p>The arbitral tribunal had awarded SPL a sum of USD 7,230,378.23 along with interest and costs, holding GAIL responsible for delays in taking delivery of pipes, thus not entitled to reduce the price payable to SPL.<\/p>\n<p>The High Court held that GAIL was responsible for delays in lifting pipes, and SPL was entitled to the full contract price without reductions. SPL was awarded interest at 6% per annum on the USD amount and 12% per annum on the INR amount, along with 50,00,000 as costs.<\/p>\n<p>The court found no merit in GAIL&#8217;s appeal, agreeing with the arbitral tribunal&#8217;s interpretation of the contract and its findings. Consequently, the court dismissed the appeal.<\/p>\n<p>The S&amp;A Law Offices team was led by Mr. Vijay K Singh (Senior Partner) along with Ms. Shruti Manchanda (Principal Associate).<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-45412","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/45412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=45412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}