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ARTICLE · 04 MARCH 2024

HSA | Dispute Resolution & Arbitration Monthly Update | February 2024

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A contract was awarded by Ircon International Ltd, Delhi (Respondent) to Allied-Dynamic Joint Venture (Petitioner) on October 25, 2010, for various work (Project).

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Allied-Dynamic Joint Venture v. Ircon International Ltd, Delhi

Delhi High Court | OMP (COMM) 451/2016

Background facts

  • A contract was awarded by Ircon International Ltd, Delhi (Respondent) to Allied-Dynamic Joint Venture (Petitioner) on October 25, 2010, for various work (Project).
  • The Petitioner and the Respondent entered into an Agreement dated December 1, 2010 (Agreement) in respect of the contract awarded by the Respondent.
  • The total value of the Project was INR 21,97,61,199 and the term for completion was determined as 11 months ending on September 24, 2011.
  • Various issues arose which lead to delay in completion of the Project. However, both the Petitioner and Respondent mutually agreed to extend the completion period to March 31, 2014.

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