India, Oct. 16 -- The Government of India has issued a release:
Achieving a significant legal victory, NHAI has successfully defended its contractual position in an arbitration case against concessionaire Uchit Expressway Private Limited, promoted by TRIL Roads Pvt. Ltd. for six-laning of the 93.5 km long Chittorgarh-Udaipur section of NH-76 in Rajasthan. The Arbitral Tribunal substantially upheld the position of NHAI, thereby safeguarding public resources and reaffirming the contractual framework governing National Highway projects.
The three-member Arbitral Tribunal under the Society for Affordable Redressal of Disputes (SAROD), examined claims and counterclaims arising out of the concession agreement for the project. The Tribunal rejec...