Atlanta Infra Assets Limited vs National Highways Authority Of India on 26 May, 2026

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    Delhi High Court

    Atlanta Infra Assets Limited vs National Highways Authority Of India on 26 May, 2026

    Author: Jasmeet Singh

    Bench: Jasmeet Singh

                              $~J
                              *     IN THE HIGH COURT OF DELHI AT NEW DELHI
    
                                                                      Judgment reserved on: 15.01.2026
                                                                   Judgment pronounced on: 26.05.2026
    
                              +     O.M.P. (COMM) 152/2022
                                    ATLANTA INFRA ASSETS LIMITED                          .....Petitioner
    
                                                       Through:     Dr. Amit George, Mr. Chirag
                                                                    Shroff, Mr. Dhananjay Kataria, Mr.
                                                                    Bhrigu A. Pamidighantam, Ms.
                                                                    Ibansara Syiemlieh, Mr. Adhishwar
                                                                    Suri, Mr. Dushyant K. Kaul, Mr.
                                                                    Shivam Parashar, Ms. Rupam Jha,
                                                                    Ms. Medhavi Bhatia, Mr. Vaibhav
                                                                    Gandhi, Mr. Kartikay Puneesh,
                                                                    Advs.
                                                       versus
    
                                    NATIONAL HIGHWAY AUTHORITY OF INDIA .....Respondent
    
                                                       Through:     Mr. Mritunjay Kumar Singh, Ms.
                                                                    Tanya Singh, Ms. Srishti, Mr. Uday
                                                                    Chaudhary, Mr. Mukesh Rawat
                                                                    Kumar Mr. Amit, Advs.
                              +     O.M.P. (COMM) 243/2022
                                    NATIONAL HIGHWAY AUTHORITY OF INDIA          .....Petitioner
                                                  Through: Mr. Mritunjay Kumar Singh, Ms.
                                                           Tanya Singh, Ms. Srishti, Mr. Uday
                                                           Chaudhary, Mr. Mukesh Rawat
                                                           Kumar Mr. Amit, Advs.
                                                  versus
    
                                    ATLANTA INFRA ASSETS LIMITED                        .....Respondent
    
                                                       Through:     Dr. Amit George, Mr. Chirag
                                                                    Shroff, Mr. Dhananjay Kataria, Mr.
    
    
    
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                                                                      Bhrigu A. Pamidighantam, Ms.
                                                                     Ibansara Syiemlieh, Mr. Adhishwar
                                                                     Suri, Mr. Dushyant K. Kaul, Mr.
                                                                     Shivam Parashar, Ms. Rupam Jha,
                                                                     Ms. Medhavi Bhatia, Mr. Vaibhav
                                                                     Gandhi, Mr. Kartikay Puneesh,
                                                                     Advs.
    
                                    CORAM:
                                    HON'BLE MR. JUSTICE JASMEET SINGH
                                                       JUDGMENT
    

    1. These are cross petitions filed under section 34 of the Arbitration and
    Conciliation Act, 1996 (“the Act”) seeking to challenge the Arbitral
    Award dated 16.11.2021 (“impugned Award”)-majority view, passed
    by the learned Arbitral Tribunal (“AT”), in the matter of Arbitration
    between M/s Atlanta Infra Assets ltd. v. National Highway Authority
    of India.

    2. Both the parties have preferred their respective petitions to challenge
    the impugned Award, to the extent they are aggrieved by it.

    SPONSORED

    3. Atlanta Infra Assets Limited (“Atlanta”) was the Claimant in the
    Arbitral proceedings and National Highway Authority of India
    (“NHAI”) was the respondent therein.

    4. Atlanta and NHAI, both have approached this Court against the
    impugned Award by way of filing O.M.P. (COMM) 152/2022 and
    O.M.P. (COMM) 243/2022 respectively.

    FACTUAL BACKGROUND

    5. NHAI, is a statutory body established under Section 3 of the National
    Highways Authority of India Act, 1988, and operating under the aegis

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    of the Ministry of Road Transport & Highways, responsible for
    development, maintenance and management of national highways.

    6. NHAI invited bids vide letter No. NHAI/BOT/NH-24035/42/2003
    dated 09.06.2004 for the award of several projects including
    “Improvement, Operation and Maintenance including Strengthening
    and Widening of existing 2 lane road to 4 lane dual carriageway from
    Km.9.200 to Km.50.000 of NH-6 (Nagpur – Kondhali Section) in the
    State of Maharashtra on Build Operate and Transfer
    (BOT)”(“Project”).

    7. The bid submitted by a consortium of M/s Atlanta Ltd. (Lead technical
    member) and SREI Infrastructure Finance Ltd. (Lead financial
    member) was accepted vide a letter of award dated 22.09.2005.

    8. The tender document contemplated setting up of a special purpose
    vehicle (“SPV”) to execute and implement the project and hence a SPV
    namely, Balaji Tollways Ltd. was incorporated. Subsequently, the
    name of the SPV was changed to Atlanta Infra Assets Limited., i.e. the
    petitioner in O.M.P. (COMM) 152/2022 and respondent in O.M.P.
    (COMM) 243/2022.

    9. Thereafter, a concession agreement (“CA”) dated 09.12.2005 was
    executed between the SPV and NHAI for twenty years.

    10. Disputes arose between parties during the execution of works till the
    issuance of provisional commercial certificate (“PCC”) dated
    22.09.2011 by the Independent consultant (“IC”) namely, M/s Aarvee
    Associates, Hyderabad. With respect to these disputes concerning
    breaches before 22.09.2011, the respondent invoked Arbitration
    mechanism under Clause No. 39.2 of the CA.

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    11. The arbitral proceedings with respect to pre-PCC disputes culminated
    in Atlanta’s partial claim being allowed vide arbitral Award dated
    29.09.2016, passed by the learned AT comprising of Mr Justice (Retd.)
    D P Wadhwa, Mr. Justice (Retd.) V N Khare, Mr. G G Shivdasani.

    12. As the works under the Project could not be completed, NHAI and
    Atlanta entered into a supplementary agreement (“SA”) dated
    22.09.2011, to complete the remaining work within 120 days of land
    being made available.

    13. Several disputes arose between the parties post-PCC i.e., after
    22.09.2011, which were initially attempted to be amicably resolved by
    invoking Clause No. 39.1 of the CA vide letter dated 19.10.2016, and
    referring the matter to the Chairman of NHAI and the Chairman of
    Atlanta, but the same could not result in amicable settlement of
    disputes.

    14. Resultantly, Atlanta vide letter dated 01.08.2017 invoked Arbitration as
    contemplated under Clause No. 39.2 of the CA for adjudication of
    disputes and by letter dated 03.10.2017 submitted its Statement of
    Claims and relevant documents to the Indian Council for Arbitration.

    15. Pursuant thereto, the present AT was constituted.

    IMPUGNED AWARD

    16. The Arbitral proceedings culminated in passing of the impugned
    majority Arbitral Award dated 16.11.2021 by Justice (Retd.)
    Manmohan Sarin and Er. Bharat Bhushan Gupta, with dissenting
    minority award passed by Er. V.S. Karandikar.

    17. Thereafter, NHAI filed an application under Section 33 of the Act,
    seeking correction of the impugned Award to the extent of award qua

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    Counter Claim No. 4. The application was dismissed by the AT vide
    correction award dated 07.01.2022. Thus, NHAI is challenging the
    impugned award read with the correction award to the extent of
    Counter Claim No. 4.

    18. During the course of judicial proceedings for these petitions, a limited
    settlement was concluded between the parties which was duly recorded
    by this Court in its Order dated 02.12.2022. Therefore, the dispute only
    remains with regards to NHAI’s challenge to Counter Claim No. 4(c)
    and Atlanta’s challenge qua Claim Nos. 1 and 6.
    SUBMISSIONS ON BEHALF OF ATLANTA
    Claim No. 1: Damages due to delay in handing over of land post
    provisional commercial operation date (PCOD) dated 22.09.2011 till
    04.06.2019 and further continuing till the Commercial operation date
    (COD).

    19. Dr. George, learned Counsel for Atlanta, submits that the AT has
    exceeded its jurisdiction by travelling beyond the express terms of the
    CA and has consequently rendered the impugned Award qua Claim
    No. 1, patently illegal and perverse.

    20. The AT, despite acknowledging from a conjoint reading of Clause No.
    13.5.2 and Schedule H of the CA, that the CA stipulated a period of 12
    months for the purpose of handing over of additional right of way
    (“AROW”), proceeded to adopt a period of 18 months as the
    reasonable period without any reasons or evidentiary basis.

    21. He also submits that these findings of the AT has resulted in substantial
    curtailment of the Atlanta’s entitlement under various component sub-
    heads of Claim No. 1.

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    22. This adoption of 18 months as a reasonable period, in substitution of 12
    months is bereft of any reasoning and is without any evidence. The
    impugned Award is further vitiated by internal inconsistencies, as it
    fails to disclose any cogent rationale for the differential application of
    two distinct time periods at different places of the award dealing with
    separate claims. Even though the AT is empowered to interpret the
    terms of the contract but such contractual interpretation cannot be
    devoid of any reasons and if so done, the same would be violative of
    fundamental policy of Indian law.

    23. The AT cannot render contradictory findings, nor it can alter
    contractual terms or create a new contract/term or act in derogation of
    terms of the contract as the same would vitiate the impugned Award for
    being patently illegal. Thus, the AT cannot unilaterally rewrite the
    terms of the contract acting in breach of fundamental principles of
    justice. Reliance in support of the said submissions is placed on
    Morgan Securities & Credits (P) Ltd. v. Samtel Display Systems Ltd.1,
    PSA Sical Terminals (P) Ltd. v. V.O. Chidambaranar Port Trust,
    Tuticorin & Ors.2
    , and Ssangyong Engg. & Construction Co. Ltd. v.
    NHAI3
    .

    24. It is also stated that for all the aforesaid reasons the findings pertaining
    to Claim Nos. 1(a), 1(b), l(b-a), l(b-b), 1(c), should be set aside while
    granting liberty to pursue the said claims afresh by way of fresh
    arbitration.

    1

    2023 SCC OnLine Del 8018.

    2

    (2023) 15 SCC 781.

    3

    (2019) 15 SCC 131.

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    25. In the alternative, it is prayed that the impugned Award be modified to
    the extent of construing 18 months as 12 months, along with all other
    consequential modifications thereto. Reliance is placed on Gayatri
    Balasamy v. ISO Novasoft Technologies Ltd.4
    and Jagdish Kaur v.
    Jasbir Singh Sandhu & Ors.5.

    Claim No. 6: Interest and Cost of Arbitration.

    26. At the outset, it is contended that the impugned Award stands vitiated
    inasmuch as the AT has awarded different rates of interest on Claims
    and Counter Claims, in disregard of the mutual agreement between the
    parties which was recorded in the meeting dated 24.02.2020 wherein
    the rate of interest was fixed at 12% p.a.

    27. Dr. George, submits that while NHAI has been awarded interest at the
    rate of 12% p.a. on its Counter Claim No. 2, Atlanta has been granted
    interest at a lesser rate of 10% p.a. on its Claim No. 6. Therefore, it is
    an error apparent on the face of record and the findings qua Claim No.
    6 to the extent of interest deserves to be modified. Reliance is placed on
    Gayatri Balasamy (Supra) and Jagdish Kaur (Supra).

    28. Reliance is also placed on Indian Hume Pipe Co. Ltd. v. State of
    Rajasthan6
    , to submit that the grant of interest cannot operate
    differently between Claims and Counter Claims, both the claimant and
    respondent have to be treated equally.

    Counter Claim No. 4(c): Failure to carry out Bituminous Overlay
    work and application of tack coat. (Against the challenge of NHAI in
    O.M.P. (COMM) 243/2022).

    4

    (2025) SCC Online SC 986.

    5

    2025 SCC OnLine Del 10835.

    6

    (2009) 10 SCC 187.

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    29. Learned counsel for Atlanta, submits that the challenge of NHAI in
    O.M.P. (COMM) 243/2022 qua Counter Claim No. 4(c) is liable to be
    rejected as the AT has correctly dealt with this Counter Claim and
    awarded nominal damages by providing cogent reasoning and
    following settled position of law.

    30. With regards to this Counter claim, the AT has rightly rejected the
    formula for computation of damages proposed by the IC on the ground
    that it would amount to rewriting of the contractual terms, and has
    instead proceeded strictly in accordance with the mechanism delineated
    in the CA.

    31. He submits that NHAI has assailed the findings of the AT on the
    ground that damages under Clause No. 18.13(b) ought to have been
    calculated “for each day of default” but the same has been wrongly
    calculated. However, the same contention was raised before the AT
    under its Section 33 Application, which was rightly rejected by the AT
    vide order dated 07.01.2022 holding that the Counter Claim was
    premised on policy guidelines dated 05.02.2016, which were applicable
    to agreements executed in 2006 and 2007. Thus, only token damages
    were levied.

    32. The AT has rightly awarded only token damage by observing the
    Counter Claim to be unsustainable as unilaterally issued policy
    guideline cannot bind the other party to the contract. The said policy
    cannot be retroactively applied to the agreement between the parties.
    Reliance is placed on Ssangyong Engg. & Construction Co. Ltd.
    (Supra).

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    33. Additionally, without prejudice to the aforesaid submissions, it was
    also submitted that the entire Counter claim No. 4(c) was per se
    unsustainable before the AT as it was not only based on mechanical
    invocation of contractual terms and inapplicable policy guidelines, but
    also the NHAI did not make any specific averments or demonstrated
    any actual loss suffered by the NHAI.

    34. He also submits that liquidated damages cannot be awarded in absence
    of a clear demonstration of actual loss incurred. There remains an
    obligation not only to aver but also to prove actual loss incurred.
    Reliance is placed on National Council of Education Research &
    Training v. Murli Industries Ltd.7and Indian Oil Corporation Limited
    v.
    Standard Casting Pvt. Ltd.8
    SUBMISSIONS ON BEHALF OF NHAI

    35. At the outset, Mr. Singh, learned counsel for NHAI, submits that
    Atlanta has assailed the majority award dated 16.11.2021 on incorrect
    understanding of Section 34 of the Act which allows interference with
    the Award only on limited grounds as enumerated therein.

    Claim No. 1

    36. He further submits that in accordance with Schedule H of the CA, the
    NHAI was obliged to handover right of way within 12 months from the
    date of the CA i.e., 09.12.2005. However, due to unavailability of about
    10% of the land, it was agreed between the parties that PCC would be
    issued for the executed work and for the remaining works a separate
    agreement (supplementary agreement) would be executed.

    7

    2025 SCC Online Del 6414.

    8

    2025 SCC Online Del 8393.

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    37. Consequently, for execution of the remainder work, a SA dated
    22.09.2011 was executed between the parties stipulating a timeline of
    120 days from the date of land availability for completion of remainder
    works. However, the SA did not prescribe any fixed timeline for
    handing over of the AROW.

    38. The AT in order to ascertain the reasonable time for land handover,
    analysed the acquisition process in paragraph No. 60 of the Award and
    observed that, as there was no fixed timeline in the SA within which
    the land was required to be made available. In absence of any such
    stipulation concerning time, the AT proceeded to interpret reasonable
    time in view of the accompanying facts and circumstances. The AT
    relied on Hungerford Investment Trust Ltd. v. Haridas Mundhra9 to
    substantiate its findings of reasonable time.

    39. The AT in paragraph No. 71 of the impugned Award attributed the
    primary responsibility of delay to the respondent and in view of
    attendant circumstances 18 months from the date of SA was fixed as a
    reasonable time beyond which the breaching party was held to be
    responsible for delay.

    Claim No. 6

    40. Mr. Singh, learned counsel, qua Claim No. 6 submits that rate and
    quantum of interest falls within the discretionary ambit of AT and no
    judicial interference is warranted with the same.

    41. The AT while adjudicating Claim No. 6 has exercised proper
    discretion. In paragraph No. 129 of the Award, it duly noted and took
    into consideration the frequent claim amendments by Atlanta, thereby
    9
    (1972) 3 SCC 684.

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    awarding pendente lite interest at the rate of 10% p.a. against the rate of
    18% p.a. as claimed by Atlanta. The AT awarded no pre-reference
    interest and awarded cost of Arbitration as per actuals.
    Counter Claim No. 4(c)

    42. Mr. Singh, learned counsel for NHAI, submits that the Award dated
    16.11.2021 read with order dated 07.01.2022 is contrary to an express
    contractual Clause of the CA bearing Clause No. 18.13(b). The AT in
    paragraph No. 125 of the Award duly decided the Claim in accordance
    with the said Clause but omitted to multiply the relevant figure with
    517 and arrived at an erroneous finding by not taking into consideration
    the factor of 517 days delay.

    43. Although the AT took note of the letter dated 22.03.2018 issued by the
    IC stating the delay of 517 days attributable to Atlanta, the same has
    been overlooked by the AT in awarding this Claim and arriving at its
    findings without any rationale.

    44. NHAI duly flagged the computational lapse vide an application filed
    under Section 33 of the Act but the AT erroneously justified the Award
    qua Counter Claim No. 4(c) adopting a fresh approach stating that only
    token damages were awarded based on the rationale established in
    paragraph Nos. 121 to 125. This justification however finds no support
    in the said paragraphs and in paragraph No. 125 specifically, the AT
    only dealt with the issue of Schedule of Rates prescribed by Public
    Work Department-Nagpur adopted by the NHAI as per Policy
    Guideline dated 05.02.2018, and completely ignored to multiply the
    amount with the number of days of delay.

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    45. Moreover, the order dated 07.01.2022 dismissing the application of
    NHAI is patently illegal as it is based on a new approach of token
    damages which was not even explained in paragraph No. 125 as to on
    what basis such damages were being awarded.

    46. Reliance is placed on Gayatri Balasamy (Supra) to state that the
    aforesaid computational error can be corrected to award Rs.
    4,57,87,588/- to NHAI by multiplying the already awarded amount by
    517.
    ANALYSIS AND FINDINGS

    47. I have heard the learned counsels for the parties and perused the
    documents placed on record.

    SCOPE OF INTERFERENCE UNDER SECTION 34 OF THE ACT

    48. The scope of interference under Section 34 of the Act is now clearly
    established. The Court is not required to sit in appeal as an Appellate
    Court over the Award, and it can neither reappreciate the evidence nor
    reinterpret the terms of the contract, when the view already taken by the
    arbitrator is a probable and possible one. Judicial intervention with the
    Award is permissible only on limited and specific grounds, as
    encapsulated under Section 34 of the Act. The Court is not
    required/empowered to reappreciate evidence or substitute its own view
    with that of the Arbitral Tribunal. It is a settled position of law that
    Section 34 of the Act, embodies the principle of minimal judicial
    interference, thereby preserving the foundational precept of the Act, the
    finality and efficacy of Arbitral Awards. The Hon’ble Supreme Court
    has recently observed this scope of interference in the judgment of

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    Consolidated Construction Consortium Ltd. v. Software Technology
    Parks of India10
    , the relevant paragraphs of which reads as under:

    “46. Scope of Section 34 of the 1996 Act is now well
    crystallised by a plethora of judgments of this Court.
    Section 34 is not in the nature of an appellate provision. It
    provides for setting aside an arbitral award that too only
    on very limited grounds i.e. as those contained in sub-
    sections (2) and (2-A) of Section 34. It is the only remedy
    for setting aside an arbitral award. An arbitral award is
    not liable to be interfered with only on the ground that the
    award is illegal or is erroneous in law which would
    require re-appraisal of the evidence adduced before the
    Arbitral Tribunal. If two views are possible, there is no
    scope for the court to re-appraise the evidence and to take
    the view other than the one taken by the arbitrator. The
    view taken by the Arbitral Tribunal is ordinarily to be
    accepted and allowed to prevail. Thus, the scope of
    interference in arbitral matters is only confined to the
    extent envisaged under Section 34 of the Act. The court
    exercising powers under Section 34 has per force to limit
    its jurisdiction within the four corners of Section 34. It
    cannot travel beyond Section 34. Thus, proceedings under
    Section 34 are summary in nature and not like a full-
    fledged civil suit or a civil appeal. The award as such
    cannot be touched unless it is contrary to the substantive
    10
    (2025) 7 SCC 757.

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    provisions of law or Section 34 of the 1996 Act or the
    terms of the agreement.”

    49. At the outset, Mr. Singh, learned counsel for the NHAI, states that the
    petition O.M.P. (COMM) 152/2022 is sans merit as the petitioner has
    failed to plead or establish any specific permissible ground under
    Section 34 of the Act. The Award is a detailed Award substantiated by
    the evidence available on record and the same does not suffer from any
    vices as enumerated under Section 34 of the Act warranting interference
    by this Court. The findings of the AT are plausible and therefore cannot
    be interfered with under the Section 34 jurisdiction.

    50. With the above scope of Section 34 of the Act in mind, I shall now deal
    with the rival contentions.

    Claim No. 1: Damages due to delay in handing over of land post
    provisional commercial operation date (PCOD) dated 22.09.2011 till
    04.06.2019 and further continuing till the Commercial operation date
    (COD).

    51. The primary challenge of Atlanta qua Claim No. 1 can be essentially
    distilled into one core controversy i.e. the findings of the AT on the
    point of reasonable period to provide AROW under the SA dated
    22.09.2011.

    52. Atlanta has assailed the findings of the AT qua Claim No. 1 for being
    patently illegal on three fold grounds:

    i. The AT in its findings read Schedule H with Clause No.
    13.5.2 of the CA to acknowledge the relevant period as 12
    month, but proceeded to consider the reasonable period as

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    18 months without any evidentiary basis thereby rewriting
    the terms of the Contract.

    ii. There is no reasoning/rationale given by the AT in arriving
    at its finding of treating 18 months as the reasonable period.
    iii. There are inconsistencies in the award with respect to the
    differentiated application of reasonable period as 12 months
    and 18 months at different sections of the award.

    53. Per Contra, NHAI contends that although the CA in its Schedule H
    originally stipulated 12 months from 09.12.2005 but when nearly 10%
    of the land was still unavailable, the PCC was issued for the executed
    works and a SA was executed with a stipulation to complete remaining
    works within 120 days from the date on which land became available,
    not prescribing any fixed timeline was a conscious alteration in the
    agreement.

    54. In absence of any such definite period, the AT has duly and justifiably
    examined the attendant circumstances to determine/interpret a
    reasonable period for handing over of AROW. The view of the AT is
    supported by cogent reasoning.

    55. Summarily, the core controversy revolves around the reasonable time
    within which the land was to be handed over, after which the works
    under the SA were to be executed within 120 days, in accordance with
    the relevant provision of the SA. The relevant provision of the SA
    reads as under:

    “As and when the land becomes available, the
    Concessionaire agrees to complete the work within 120
    days. The delay in completion of such balance works

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    effective from the date on which the land becomes available
    shall be dealt with as per the provision of the main
    Concession Agreement.”

    (Emphasis Supplied.)

    56. The AT qua this finding of reasonable period has given its reasons and
    explanations in paragraph Nos. 60, 61 and 71 of the Award and the
    same read as under:

    “60. We may notice, in brief, the process of land
    acquisition. Commencing from survey of land, assessment
    and proposal for the acquisition of land were to emanate
    from the Concessionaire i.e. the Claimant. Respondent after
    verification of land records, upon finding it feasible, is to
    process the same. Respondent would have the obligation to
    pursue it with the State Government and functionaries and
    deposit the compensation payable. Upon successful
    acquisition, land is made available to the Concessionaire.

    61. Supplementary Agreement has not prescribed the period
    within which the land is required to be made available to
    the Concessionaire. The operative part of the provision is
    “as and when the land becomes available”. However, the
    absence of any time being prescribed cannot make it ad
    infinitum. Whenever there is no time prescribed for a
    particular act, it has been judicially interpreted as
    ‘reasonable time’ considering all relevant facts and
    circumstances. Reference in this regard is invited to the
    decision of the Hon’ble Supreme Court in Hungerford

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    Investment Trust Ltd. v. Haridas Mundhra (1972) 3 SCC

    684. The provisions of the Concession Agreement and
    Supplementary Agreement provide clues which can aid and
    guide the determination. As per Schedule ‘H’ of the
    Concession Agreement, Respondent was obliged to
    handover Additional Right of Way within 12 months from
    the signing of the Concession Agreement. The conditions
    precedent, respective obligations of the Concessionaire and
    NHAI as contained in Clause 9.1 (vi), (xxiv), (xxviii), (xxix),
    (xxx), (xxxi), (xxxiii) and 10.1 (i), (ii), (iii), (iv), (xi), (xiii),

    (xiv) Clause 13.5.2 tend to demonstrate the obligations put
    on the respective parties for expedited resolution and
    accomplishment of the work.

    71. Before proceeding with determination of the Claims and
    Counterclaims, it is imperative to determine what would be
    a ‘reasonable period’ to complete handing over of
    additional land to the Claimant under the Supplementary
    Agreement. Considering the period prescribed for
    additional land to be made available under the Concession
    Agreement i.e. within 12 months of execution, as well as the
    attendant circumstances as seen from the correspondence
    exchanged and noticed by us, the primary responsibility for
    the delay rests with Respondent. This also becomes clear
    from the letter dated 03.03.2021 (Pg. 1408, Convenience
    Compilation-III) of the Competent Authority of the

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 17 of 46
    20:30:27
    Respondent communicating to PIU Amravati its
    concurrence to issue “Completion Certificate” to the
    Claimant following certification by the Engineer that all the
    works and all the punch list items where land is available
    had been completed and items which could not be completed
    due to non-availability, have been de-scoped.
    In the facts and circumstances, we find that the ‘reasonable
    period’ under the stipulation ‘as and when land becomes
    available’ for implementation of Supplementary Agreement
    would be 18 months from the date of execution. Any delay in
    execution thereafter, the party in breach would be
    accountable and answerable for the claims.”

    57. In paragraph No. 60, AT has outlined the sequential steps in land
    acquisition procedure under such contractual frameworks wherein the
    land availability is not a single step but a chain of events involved in
    the acquisition process, this discussion is important as it substantiates
    the decision of the AT to arrive at a reasonable period.

    58. After identifying that the SA contained no express stipulation as to the
    time limit, the AT returned its findings in paragraph No. 61 by applying
    governing legal principles applicable in such a factual scenario. The
    AT proceeded to observe that the use of phrase “as and when land
    becomes available” does not permit an infinite and endless
    postponement of performance. The AT relied on Hungerford
    Investment Trust Ltd.
    (Supra) to support its findings that in absence of
    any prescribed time for performance of an obligation, the law implies
    determination of a reasonable time which is to be ascertained from the

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 18 of 46
    20:30:27
    relevant facts and circumstances. From a perusal of the paragraph No.
    61 it is also clear that the stipulation of 12 months period in the CA was
    not discarded altogether but the same was expressly treated as a
    relevant clue for determining reasonableness under the altered
    contractual agreement. In this backdrop, I am of this view that the AT
    treated this 12 month period as a baseline indicator while interpreting
    the reasonable period with the help of other relevant facts and
    circumstances.

    59. The important reasoning for the findings challenged under this Claim
    No. 1 is clear from a perusal of the paragraph No. 71 of the Award,
    wherein the AT read together in harmony not only the contractual
    framework but also the prevailing circumstances.

    60. In this view, the fixation of reasonable period as 18 months under the
    stipulation “as and when land becomes available” cannot be said to be
    decided without reasons. The AT took into consideration the relevant
    contractual period of 12 months and viewed it in the context of the SA
    that deliberately excluded any such stipulation of a fixed time period,
    and examined the practical aspects of land acquisition and then factored
    in the surrounding circumstances to arrive at a finding of 18 months as
    a reasonable period. Thus, the view taken by the AT is a plausible view
    supported by sufficient reasons and not vitiated by any perversity or
    patent illegality.

    61. The said findings does not amount to rewriting of the contract as the
    CA and the SA are different contracts governing different aspects of a
    same project, the contractual term of CA cannot be allowed to be
    imported in the SA. In absence of any specific contractual timeline in

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 19 of 46
    20:30:27
    the SA, the AT has only exercised its statutory power to interpret a
    term of contract which is well within its jurisdiction. The same being
    interpretation of a term of a contract, cannot be revisited by this Court
    under Section 34 jurisdiction. The view of AT is both plausible and
    reasonable.

    Claim No. 6: Interest and Cost of Arbitration.

    62. The Claim No. 6 is categorised into two sub-claims with Claim No. 6.1
    pertaining to the award of pendente lite interest and Claim No. 6.2
    pertaining to the cost of Arbitration, as claimed by Atlanta.

    63. Atlanta under Claim No. 6.1, claimed pendente lite interest at the rate
    of 18%, which was awarded by the AT at the rate of 10% p.a. instead,
    and under Claim No. 6.2, the cost of Arbitration were also awarded to
    the tune of Rs. 1,96,11,906/-.

    64. Atlanta has assailed the Award qua Claim No. 6 primarily on the
    ground that during the meeting dated 24.02.2020 the parties had
    already agreed to fix the rate of interest at 12% p.a. and that the AT
    cannot award two different rates of interest for the Claims and Counter
    Claims.

    65. From a perusal of the record of the order sheet of the AT dated
    24.02.2020, it is clear that there is no such omnibus/uniform rate of
    interest fixed for all Claims and Counter Claims during the
    hearing/meeting. The order records a specific and a limited settlement
    with interest rate of 12% only fixed and applied on the Claims and
    Counter Claims, which were settled amicably on that day and were
    duly recorded in the order of the AT. The order dated 24.02.2020, reads
    as under:

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 20 of 46
    20:30:27
    BEFORE THE INDIAN COUNCIL OF ARBITRATION
    (Case No. AC-2118)
    IN THE MATTER OF ARBITRATION:

    M/s Atlanta Infra Assets Limited
    …Claimant
    Vs.
    National Highways Authority of
    India, New Delhi
    …Respondent
    Order Sheet of the 27th hearing held on 24th February,
    2020 at11:00 a.m. at Federation House, Tansen Marg,
    New Delhi
    PRESENT:

    ARBITRAL TRIBUNAL
    Mr. Justice Manmohan Sarin …Presiding Arbitrator
    Mr. Vilas Sridhar Karandikar …Ld. Arbitrator
    Mr. Bharat Bhushan Gupta …Ld. Arbitrator

    SECRETARIAT
    Ms. Lakshmi K P
    …Case Manager
    ON BEHALF OF THE CLAIMANT
    Dr. P.C. Markanda, Sr. Advocate
    Mr. Rajesh Markanda, Advocate
    Ms. Neihal Dogra, Advocate
    Mr. RajhooBbarot, MD, Atlanta

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 21 of 46
    20:30:27
    Mr. Ulhass N. Bhole, Vice President

    ON BEHALF OF THE RESPONDENT
    Mr. Ramesh Kumar, Advocate
    Mr. Abhishek Gusain, Advocate
    Mr. V. P. Brahmankar, Project Director, NHAI, PIU
    Amravati

    PROCEEDINGS DT. 24.02.2020
    The position with regard to counter claims of the
    respondent was reviewed and the positions taken by the
    parties in support and in opposition to the counter claims
    was revisited in particular with regard to counter claim no.
    5 and 7.

    COUNTER CLAIM NO. 5

    The respondent claims Rs. 49,87,73,425/- cost of overlay of
    the Project Highway for the period 01.04.2014 to
    31.05.2018. The claimant opposes the claim on the ground
    that they are carrying out the overlay work and hence, the
    respondent cannot claim the entire cost of the overlay.

    COUNTER CLAIM NO. 7

    The position as to certain factual aspects with regard to
    balance works in respect of Service roads (Counter claim
    no. 7) may be noted:

    (i) The total Service Roads remaining to be completed 23.67
    km as per original scope of work.

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 22 of 46
    20:30:27

    (ii) 16.085 work completed as on 31.1.2020.

    (iii) 0.485 km completed between 01.08.2017 and
    31.01.2020 leaving balance of 7.615 km.

    (iv) The respondents have proposed descoping of 4.62 km.
    to Headquarters which will leave 2.99 km which the
    respondent asked to carry out without insisting upon the
    minimum width of 7 meters and as per availability at site.
    As regards, Service Roads which is one of the component of
    this claim, parties after addressing submissions and
    reflecting thereon reached an understanding which is being
    recorded.

    1. Out of the 23.67 km. of Service Roads, 15.6 km. had been
    completed as on the date of invocation of arbitration as on
    1st August, 2017. Some part of the Service Roads was done
    between August, 2017 and January, 2020 leaving a balance
    of 7.615 km. The NHAI has recommended descoping of 4.62
    km. leaving a balance of 2.99 km or 3 km. approximately. It
    has been specifically agreed by the respondents that this
    length of service roads on which standard width of 7 meters
    is not available may be carried out on the width as
    available on the basis of approved drawings to be made
    available within 10 days from today. The claimants
    undertake to complete the work within 3 months of the
    drawings including all the related works as given under the
    heading remaining works.

    In this view of the matter, since the counter claim is

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 23 of 46
    20:30:27
    based on, the estimated cost of balance work as per the
    punch list A and B, Claimant having agreed to carry out the
    remaining works as detailed below and as required by the
    respondent, the counter claim no. 7 does no longer survive.

    S.No. Completed Works Remaining Works

    1. Highway lighting not required Clearance for
    on service roads Right of Way on
    entire Service
    Roads

    2. Truck Lay- byes (6 Nos.) Road Signs, Road
    marking for
    balance service
    roads

    3. Development of Major State Development of
    Highway Junction at Km minor junctions
    18.120 wherever required
    on balance service
    roads not more
    than 3 in number

    4. Curves of less than 1000-meter Extension of pipes
    radius erection of Chevrons for hume pipe /box
    and W-Metal Beam Crash /slab culvert
    barriers wherever required
    on balance service
    roads not more
    than 2 in number

    5. Minor bridges ROW boundary
    pillars wherever
    required at every
    50 meters as
    required on the
    entire length of
    Highway

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 24 of 46
    20:30:27

    6. Filling trenches within ROW
    dug for mining murrum used
    for embankment construction

    7. Safety measures like erection of
    solar blinkers, delineators, W-

    Metal, Beam Crash Barriers
    etc. on medium openings and
    junctions.

    The overall position with respect to the counter claims after
    discussion and attempted settlement is as under:-

    Counter Particulars Amount Period Decision/settlement
    Claim

    1 Cost of Rs. 4,32,94,105.00 01.04.2016 After threadbare
    Plantation and (The said claim to discussion of all
    Maintenance of was reduced 31.05.2018 aspects parties
    Avenue subsequently as agree that the said
    Plantation noted in the signed counter claim shall
    notes of stand satisfied in
    proceedings dt. to case, the
    22.01.2020 Rs. respondents receive
    1,20,39,397/- or get a set off Rs.

    being maintenance 50,00,000.00 in all.

                                                           the charges from               Further,          the
                                                           01.04.2016                     claimant        shall
                                                           30.06.2018)                    maintain          the
                                                                                          plantation/avenue
                                                                                          till 5th plantation
                                                                                          October, 2026.
                               2        Opposite           Rs. 3,18,67,767.00 05.10.2011 Rs. 47,58,821.33 till
                                        Party/Claimant's                       to         31.03.2019       plus
                                        share of fees &                        17.04.2018 interest @12% per
                                        expenses of IC                                    annum          w.e.f.
                                        (05.10.2011 to                                    01.04.2019         as
                                        31.03.2018)                                       agreed     by     the
                                                                                          Parties in line with
                                                                                          the       claimant's
                                                                                          submission         dt.
                                                                                          27.07.2019.      The
                                                                                          proportion as per
    
    
    
    
    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026   O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022                        Page 25 of 46
    20:30:27
                                                                                           letter dt. 27.07.2019
                                                                                          shall continue for
                                                                                          sharing of IC Fee
                                                                                          till completion of
                                                                                          service        roads.
                                                                                          Thereafter,        the
                                                                                          claimant           will
                                                                                          reimburse 50% of
                                                                                          the IC Fees as per
                                                                                          the agreement.
                               3.       Reimbursement     Rs. 31,55,625.00     01.10.2015 Rs.      21      lakhs
                                        of expenses for                        to         inclusive of interest
                                        engaging two                           31.05.2018 as per Order dt.
                                        vehicles for                                      21.01.2020
                                        inspection of the
                                        Project Highway
                               4.       Damages           Rs. 5,87,85,296.00   21.09.2015 To be adjudicated
                                        payable by the                         to         by the Tribunal
                                        Opposite                                          including for delay
                                        Party/Claimant                         31.05.2018 in overlay.
                                        for poor O&M
                                        of the Project
                                        Highway
    

    5. Cost of overlay Rs.49,87,73,425.00 01.04.2014 63% overlay work is
    of the Project to completed by the
    Highway 31.05.2018 Claimant and
    balance is to be
    completed by 31st
    May, 2020 and
    since no work is
    done by the
    Respondent, the
    counter claim does
    not survive.

    However, this is
    without prejudice to
    counter claim no. 4.

    6. Recovery of cost Rs. 2,69,470.00 17.04.2014 Rs. 1,54,673/- plus
    of providing to interest at 12% per
    Police 31.05.2018 annum from
    assistance for 17.04.2014
    removal of
    encroachments

    7. Cost of Balance Rs. 22.09.2011 In view of the

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 26 of 46
    20:30:27
    work of Punch 60,30,69,951.00 31.05.2018 agreement reach
    List (Claim Amount: between the parties
    27,35,30,000.00 + for completion and
    Interest Rs. the execution of the
    32,95,39,951.00) remaining works
    and the time period
    therefor as recorded
    in proceedings
    above.

    8. Cost of As per Actuals – To be adjudicated
    Proceedings by the Tribunal

    66. In this view, the contention of Atlanta that the AT in awarding 10% p.a.
    has acted in disregard of a mutual agreement between the parties is
    unfounded and misconceived. The limited scope of order dated
    24.02.2020 cannot be allowed to be misinterpreted as a blanket pre-
    determination/fixation of rate of interest for all pending Claims and
    Counter Claims.

    67. Another contention of Atlanta that the AT has awarded different rates
    of interest for Claims and Counter Claims, is also misconceived as it is
    clear from the perusal of the order sheet dated 24.02.2020 that it was
    mutually agreed between the parties that a rate of 12% would apply qua
    Counter Claim Nos. 2 and 6 only. The same has also been recorded by
    the AT in paragraph No. 112 of the impugned Award, which reads as
    under:

    “Counterclaims raised by the Respondent

    112. Respondent has raised 8 Counterclaims against the
    Claimant. The same have been tabulated at para 27
    hereinabove. On reviewing the positions of the parties,
    Counterclaims No. 1, 2, 3, 5, 6 and 7 came to be settled and
    the agreement reached was recorded in the proceedings

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 27 of 46
    20:30:27
    held on 24.02.2020 (Annexure-D) and the Order sheet
    signed by both parties as token of their acceptance of the
    same. The particulars of the Counterclaim, amounts
    claimed and settlement arrived at is tabulated hereunder for
    facility of reference:…”

    68. Moreover, the AT in awarding pendente lite interest at the rate of 10%
    p.a. against the claimed rate of 18% p.a. has only exercised its statutory
    power and has not violated any terms of the contract to warrant
    interference with the same. It is no longer res integra that the AT is
    having wide scope of power to award interest under Section 31(7)(b) of
    the Act and once the AT has taken a view which is plausible, it cannot
    be substituted by the Court under Section 34 jurisdiction. The Hon’ble
    Supreme Court in its judgment Hyder Consulting (UK) Ltd. v. State of
    Orissa11
    , made the following observations:

    “69. I take note that the Arbitral Tribunal has been given
    the discretionary power of not only imposing interest, but
    also for determining the rate of interest that could be
    imposed from the date of cause of action to the date of the
    award. The Arbitral Tribunal has the discretion to decide
    whether such interest would be imposed on the whole or a
    part of the money awarded, and further whether it would be
    imposed for the entire duration from the date of cause of
    action to the date of award, or on a part of it. However,
    such discretion is not unfettered and is not exercisable upon
    the mere whims and fancies of the tribunal. In Principles of
    11
    (2015) 2 SCC 189.

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 28 of 46
    20:30:27
    Statutory Interpretation, Justice G.P. Singh, 13th Edn.,
    2012, at p. 482, it has been stated as follows:

    “Even where there is not much indication in the Act of
    the ground upon which discretion is to be exercised it
    does not mean that its exercise is dependent upon mere
    fancy of the court or tribunal or authority concerned. It
    must be exercised in the words of Lord Halsbury,
    „according to the rules of reason and justice, not
    according to private opinion; according to law and not
    humour; it is to be not arbitrary, vague and fanciful,
    but legal and regular‟.”

    70. It can be concluded that the discretion, whether to
    award interest by the Arbitral Tribunal under clause (a), is
    necessarily to be exercised as per the facts and
    circumstances of each case. The said discretion must be
    within the parameters of the statute and in accordance with
    the rule of law. Furthermore, the said clause states that the
    rate of interest, if such interest is awarded by the Arbitral
    Tribunal, must be as the said tribunal deems reasonable. It
    is settled law that discretion must always be exercised
    lawfully.”

    (Emphasis Supplied.)

    69. I am of the view that the submission of NHAI holds merit and that the
    AT in paragraph No. 129 of the award of Claim No. 6.1, has taken a
    plausible view in not awarding the claimed 18% rate of interest. The
    AT in awarding interest at the rate of 10% p.a. duly considered the

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 29 of 46
    20:30:27
    frequent amendments and also the prevailing rate of interest during the
    relevant period. The view of AT is based on cogent reasoning and no
    interference is warranted with the same. The relevant paragraphs of the
    impugned Award reads as under:

    “Claim No. 6.1: Claim for Interest

    127. Claimant demands pendente lite interest @ 18 p.a. on
    the sums due and future interest @ 18% compounded
    monthly from due date of payment to date of payment.

    128. The Tribunal came to be constituted on 01.08.2018.
    Claimant filed its first Statement of Claim with the ICA on
    03.10.2017 raising claims in the sum of INR 90.78 crores,
    which was amended and the sum claimed revised to INR
    124.12 crores on 22.08.2018. Subsequently, Claimant filed
    an updated calculation for Claims No. 1 and 2, with the
    result that the total sum claimed stood revised to INR
    1,44,74,85,212/-.

    129. The amounts claimed have been subject to frequent
    amendment and have come to be crystallised only by this
    Award. In these circumstances, and keeping in mind the
    average bank lending rate for the relevant period, it would
    be apposite to award pendente lite interest from date of
    constitution of the Tribunal i.e. 01.08.2018 till realization of
    the awarded amounts @ 10%p.a.

    70. As regards the argument of Atlanta for applying separate rates of
    interest on Claims and Counter Claims is concerned, the said argument
    is misconceived. On 24.02.2020, the parties agreed to the rates of

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 30 of 46
    20:30:27
    interest for Counter Claim Nos. 2 and 6 only, the same is not an
    agreement of the parties qua the binding rate of interest for all Claims
    and Counter Claims. Hence, the AT was very much within its
    discretion to award interest at the rate of 10%.

    71. Additionally, the AT has awarded cost of Arbitration based on the
    actual Arbitral fee deposited and assessed reasonable legal fee. The
    same is based on cogent reasoning and presents a plausible view.
    Learned Counsel for Atlanta has also not made any submissions
    specific to Claim No. 6(b). Thus, no interference with the same is
    warranted.

    Counter Claim No. 4(c): Failure to carry out Bituminous Overlay
    work and application of tack coat. (Challenged by NHAI in O.M.P.
    (COMM) 243/2022)

    72. NHAI has challenged the Award qua Counter Claim No. 4(c) only to
    the extent that the awarded amount must be recomputed for the delay of
    517 days by factoring in this delay and the amount awarded should be
    modified and read as Rs. 4,57,87,588 /- instead of Rs. 88,564/-.

    73. NHAI had preferred an application under Section 33 of the Act before
    the AT, raising identical grounds as raised herein the present petition.
    Subsequently, the said application was dismissed by the AT vide
    correction Award/order dated 07.01.2022. The order dated 07.01.2022
    reads as under:

    “1. An Application moved by the Respondent U/s 33 of the
    Arbitration and Conciliation Act, 1996 seeking corrections
    in the majority Award dated 16.11.2021, has been taken up
    for consideration. The Applicant appears to be aggrieved by

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 31 of 46
    20:30:27
    the decision of the Tribunal in respect of award of the
    Counterclaim No.4 (c) whereby in respect of said
    Counterclaim, a sum of Rs.88,564/- has been assessed and
    awarded, while the Applicant contends that the award as
    per formula should have been Rs.4,57,87,588/-.

    2. Ld. Counsel for the Claimant Mr. Rajesh Markanda
    objects to the Application as being wholly misconceived
    since it seeks a review on merits, which is beyond the scope
    of correction envisaged U/s 33 of clerical or arithmetical
    errors.

    3. Without there being a necessity of going into it, we may
    notice in the passing that the rationale of assessing token
    damages flows from the finding of breach as given in the
    Award. The Concession Agreement was executed on
    09.12.2005 and the policy guidelines circular dated
    05.02.2016 made the guidelines applicable to Agreements
    entered into in 2006 – 2007. Accordingly, only token
    damages were levied in the exercise of Arbitral jurisdiction
    in Counterclaim No.4 (c) as per the rationale given in paras
    121 to 125 of the Award.

    4. We find considerable merit in Mr. Markanda’s objections
    that the Application as framed would not be maintainable in
    terms of Section 33 as it fails to disclose any
    arithmetical/clerical error. The Application is accordingly
    dismissed.”

    (Emphasis Supplied)

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 32 of 46
    20:30:27

    74. The AT dismissed the Section 33 application vide order dated
    07.01.2022, on the ground that the application instead of disclosing any
    arithmetical or clerical error, seeks merit based review of the AT’s
    decision and that the AT has levied token damages based on the
    rationale already noted in paragraph Nos. 121 to 125 of the Award. The
    said paragraphs of the impugned Award read as under:

    “Delay in submission of O&M Plan

    121. Clause 18.13 of the CA provides that in case the
    Respondent does not exercise its option to undertake the
    required repair and maintenance after expiry of 30 days as
    stipulated in Clause 18.12, it shall recover damages from
    the Concessionaire, payable after the expiry of the aforesaid
    period of 30 days until the default is cured, as per sub-
    clause (a) and (b) which are reproduced hereunder:

    (a) Rs. 10,000/-

    (b) 0.1% of the cost of such repairs as estimated by the
    Independent Consultant.

    122. Clause 18.12 clearly stipulates that the
    deviation/shortcoming in O&M should be qua the
    ‘Maintenance Manual’ and/or the ‘Maintenance
    Programme’ and not the ‘O&M Plan’. No doubt that the
    Claimant was required to submit an annual O&M Plan
    under Clause 3.1(c), however, the O&M activities to be
    performed were set out in the O&M Manual (“Manual”)
    which the Claimant supplied on 23.05.2011 (Annexure A-6,
    CD-8, pg. 92-188) and were to be controlled by the said

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 33 of 46
    20:30:27
    Manual.

    A perusal of the Manual shows that it is exhaustive in detail
    with separate sections for Operations and Maintenance
    detailing the works to be carried out and responsibilities to
    be discharged by the Concessionaire-Claimant. That the
    Manual, as submitted, was a complete guide for execution
    of O&M works is evident from the complete absence of any
    letter or communication, between 2011 and 2014, from the
    Respondent requesting the Claimant to furnish an annual
    O&M Plan. This would imply that annual O&M plans were,
    by no means, indispensable or necessary, for carrying out
    O&M works, absence of which would impede performance.
    Respondent’simposition of INR 10,000/- per day for 341
    days in respect of delay in submission of O&M Plan
    conveniently ignores condonation granted, as discussed
    hereinabove in para 120. Accordingly, the damages for non-
    submission of the O&M Plan are assessed at INR 2,80,000/-
    computed for 28 days at the rate of INR 10,000/- per day
    and the said sum is awarded to the Respondent.
    Failure to carry out Benkelman Beam Deflection Test and
    Road Roughness Test

    123. Respondent has levied these damages on the failure of
    the Claimant to carry out Road Roughness Test and
    Benkelman Beam Deflection (BBD) Test, as required and on
    the stipulated periodicity under the Concession Agreement.
    Respondent first brought this to the Claimant’s notice in the

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 34 of 46
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    meeting held on 03.01.2015 between the Claimant and IC,
    Minutes of which were enclosed with the IC’s letter of
    04.01.2015 (RD-13, R-548/39-44). Item 8 of the Minutes
    pertains to carrying out of Benkelman Beam Test (under
    Clause 3.4.2.3 of Schedule-L) and Road Roughness Test and
    records the Claimant’s assurance of acting on the same.

    Claimant conducted both these tests in July 2015
    as can be seen from its letter dated 05.08.2015 (CD-10, pg.

    259) [Roughness Index result sheets attached] and letter
    dated 14.08.2015 (CD-10, pg. 266) [Report on BBD Survey
    & Overlay Design attached). While it is true that the
    Respondent for almost a year did not raise the demand for
    conducting these tests. However, by its communication of
    27.04.2016 (RD-14/34) Claimant was again directed to
    carry out tests followed by, after another gap of almost one
    year, letter dated 03.02.2017 (RD-16/74).

    124. Provision of Clauses 3.4.2.2 and 3.4.2.3 mandate that
    road roughness value shall be measured at least twice in a
    year by a properly calibrated Bump Integrator device
    before and after monsoon and the structural condition of the
    flexible pavement of the Project Highway shall be assessed
    every year by taking Benkelman Beam Deflections,
    respectively. In view of the clear and categorical provision
    requiring the Roughness Test to be carriedout at least twice
    in a year. These are clear indications that the above is a
    minimum requirement and therefore, Dr.Markanda’s

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 35 of 46
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    submission that only when roughness index is found to be
    greater than 3000mm/km, are the clauses to be invoked and
    not on the basis of periodicity, is not tenable. It is not in
    dispute that the Claimant failed to carry out the roughness
    test at least twice and the BBD test, annually. Accordingly,
    in terms of the contractual provisions, the Respondent was
    justified in levying the damages as per its letter of
    21.08.2017 (RD-16, pg. 75). Respondent claims to have
    assessed damages based on ‘best industry practice’, arriving
    at a figure of INR 6500/km for BBD Test and INR 7500/km
    for Road Roughness Test and imposing, in total, INR
    8,72,632/-. Claimant has not placed on record anything to
    rebut the above or to indicate that the same is excessive or
    not in accordance with ‘best industry practices’. Respondent
    is accordingly awarded INR. 8,72,632 on this account.
    Failure to carry out Bituminous Overlay Work

    125. The last aspect to be dealt with is damages on account
    of failure to carry out Bituminous Overlay work.
    Calculation of damages is based on Policy Guidelines of
    05.02.2018. We find that these Guidelines are inapplicable
    to the dispute before us as the Concession Agreement was
    executed on 09.12.2005 and the circular expressly states
    that it shall apply to agreements entered in 2006 and 2007.
    Moreover, the Policy Guidelines, purportedly seek to supply
    only a clarification, however, in our view it prescribes a
    new formula distinct from the one prescribed in 18.13(b).

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 36 of 46
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    Accepting this new formula would amount to rewriting the
    contract, in as much as the same was not something both
    parties agreed to at the time of execution of the Concession
    Agreement. Further, the IC has taken the rates prescribed
    under the Scheduleof Rates of PWD, Nagpur despite
    comparable rates for similar works being prescribed in the
    BOQ. Item 4.03 under ‘Bituminous Courses’ prescribes a
    rate of INR 4131 / (m3) for carrying out profile correction.
    Item 4.02 for emulsified tack coat was to be executed at INR
    8 /m2, which should be the rates at which damages should
    have been calculated as opposed to the price taken by the IC
    in its letter of 22.03.2018. Respondent’s entitlement under
    this head is as follows:

    S. Item of Work Quantity Rate as per Cost of
    No. BOQ Work in
    INR

    1. Bituminous 20049.80 m3 8,44,74,819
    Concrete 4131/ m3

    2. Application of 511245 m2 8/m2 40,89,960
    tack coat
    Total 8,85,64,779

    As per clause 18.13(b) the amount of damages would equal
    0.1% of the cost of work done which comes to INR 88,564/-

    Accordingly, for Claimant’s failure to submit O&M Plan,
    conduct Roughness and BBD Test and complete Bituminous

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 37 of 46
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    overlay work, the Respondent is awarded INR 8,18,564/-,
    which is detailed as below:

                                             Sl.No.            Item of Work         Amount Awarded
                                                                                        (INR)
                                        1.             Delay in O&M Plan              2,80,000/-
                                                       Submission
                                        2.             Failure to carry out           8,72,632/-
                                                       Benkelman             Beam
                                                       Deflection     Test    and
                                                       Road Roughness Test
                                        3.             Failure to carry out            88,564/-
                                                       Bituminous       Overlay
                                                       and      Application    of
                                                       Tack Coat
                                                       Total                          12,41,196/-
    

    Accordingly, the Respondent is awarded a sum of INR
    12,41,196/- (Rupees Twelve Lakh forty one thousand one
    hundred ninety six only) against the Claimant.”

    75. The contentions of NHAI are based on the premise that the AT acted in
    deliberate ignorance of the number of days of delay stated in the letter
    by the IC and has not acted in accordance with the Clause No. 18.13 of
    the CA by not computing the damages for the total number of days of
    delay i.e. 517 days as computed by the IC. The Clause No. 18.13 is
    important and reads as under:

    “18.13 In the event NHAI does not exercise its option to
    undertake the required repair and maintenance after expiry

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 38 of 46
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    of the 30 (thirty) days period stipulated in Clause 18.12 it
    shall recover Damages from the Concessionaire for default
    in operating and maintaining the Project Highway in
    conformity with this Agreement. Such Damages shall be
    payable after the aforesaid period of 30 (thirty) days and
    until the default is cured. The amount of Damages shall be
    calculated for each day of default at the higher of the
    following, namely (a) Rs.10,000 (Rs. Ten thousand), and (b)
    0.1 % (zero point one per cent) of the cost of such repair as
    estimated by the Independent Consultant. Recovery of such
    Damages shall be without prejudice to the rights of NHAI
    under this Agreement, including Termination thereof.”

    (Emphasis Supplied.)

    76. It is also the case of NHAI that the AT has erred in dismissing the
    Section 33 application and justifying the award of Counter Claim No.
    4(c) by taking a new approach that the AT has only awarded token
    damages and stating it to be based on cogent reasoning contained in
    paragraph No. 121-125 of the Award.

    77. Per Contra, Atlanta has defended the award of this Counter Claim No.
    4(c) by the AT on the ground that it is based on cogent reasoning and
    the AT has correctly awarded nominal damages. The AT has already
    adjudicated an application filed by the NHAI on the same grounds and
    held that the reasoning provided in the Award is sufficient and explains
    the award of token damages. Thus, the order dated 07.01.2022, clearly
    shows the manifest intent of the AT to award these damages as token
    damages. Additionally, as liquidated damages cannot be awarded in

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 39 of 46
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    absence of clear averments and evidence as to actual loss, the Counter
    Claim being totally unsubstantiated and based on mechanical
    invocation has been rightly adjudicated by the AT to the extent of
    awarding only token damages.

    78. Atlanta has also made these similar submissions before the AT, as can
    be seen from paragraph No. 88-90 of the reply dated 31.10.2018 filed
    by Atlanta to the said Counter Claim. The relevant paragraph of the
    reply reads as under:

    “88 – 90. The contents of paragraphs 88 to 90 of the
    Counter Claim Statement are denied being wrong and
    incorrect. It is respectfully submitted that the Claimant
    replied to the letters written by NHAI claiming damages for
    non maintenance under Clause 18 of the Concession
    Agreement disputing the penalty levied by. the independent
    Consultant vide letter dated 30.09.2016(C-108, CD-7/1541-
    1542). In the said letter it was stated that the reliance on,
    Clause 18 by the Respondent for alleged default is
    misplaced, since the said clauses are generic clauses. The
    relevant provision for maintenance was contained in
    Schedule „L‟ and the same was strictly adhered to by the
    Claimant. The Claimant had maintained the Project
    Highway in the traffic worthy condition. Thus, the action of
    the Respondent in seeking recovery of the said amount
    without any adjudication of their highly one-sided and
    arbitrary stance is untenable. After receipt of the aforesaid
    letter dated 30.09.2016, the Respondent did not deny or

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 40 of 46
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    controvert the submissions made and did not take any
    action pursuant thereto but abruptly after a passage of
    approximately one year sought to recover the said amount
    through Union Bank of India vide letter dated 24.07.2017,
    which again reveals the arbitrariness and highhanded
    action by the Respondent. Further, the recovery proposed is
    not justified even in terms of Clause 18 of the CA, which has
    been relied upon by the Respondent. The said Clause does
    not provide for any such recovery. In any case, the Claimant
    denies and disputes the power or jurisdiction of the
    Respondent to make claims for damages on account of
    alleged inconvenience to the public at large. It is stated that
    the Respondent has no locus standi to raise the present
    claim. Further, no costs have been incurred by the
    Respondent in terms of Clause 18.12 to justify the
    recoveries made. Moreover, the Claimant, without
    admitting any of the allegations of the Respondent states
    that the calculation of damages by the Respondent is
    wrongful, non-contractual and has no basis. It is stated that
    the Law relating to a claim for damages has been well
    settled by a series of decisions of the Apex Court, wherein it
    has been laid down that any party which claims damages
    needs to prove that it actually suffered damages by reason
    of the breach. In the instant case, the Claimant was neither
    in breach of any of the provisions of the Concession
    Agreement nor have any actual damages been occasioned to

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 41 of 46
    20:30:27
    the Respondent. Moreover, assuming without admitting that
    the delay, in fact, occurred in carrying out repairs, the
    delay/inconvenience caused thereby was to the General
    Public and not to the Respondent. The Respondent,
    therefore, cannot seek to recover damages for delay/
    inconvenience, if any, suffered by road users, without
    showing the proof of reimbursement to the road users. The
    Respondent cannot therefore seek unjust enrichment. The
    quantification of the Counter Claim is disputed and denied
    as is the interest claimed and it is prayed that the
    Respondent may be put to strict proof in respect of the
    same.”

    (Emphasis Supplied.)

    79. In this view of the matter, it cannot be denied that Atlanta already
    disputed the Counter Claim on the basis of NHAI’s failure to aver and
    prove any actual damage as required for the award of damages by AT
    under Counter Claim No. 4(c).

    80. The Award qua Counter Claim No. 4(c) is not a deviation from Clause
    No. 18.13, instead it is application of settled principles of law by the
    AT that the liquidated damages cannot be mechanically awarded in
    absence of any demonstrated actual loss. The AT in paragraph No. 121
    to 125 categorically observed that the CA predated the policy
    guidelines dated 05.02.2016 and the calculations of IC are based on
    these inapplicable policy guidelines and PWD, Nagpur Schedule of
    rates, which is also not applicable to the CA. Thus, in this view the AT

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 42 of 46
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    rejected the computations provided by the IC and took into account the
    submissions made by Atlanta.

    81. The approach of AT is entirely consistent with the settled law on
    damages, which has been reaffirmed from time to time. It is no longer
    res integra that mere existence of a stipulation for liquidated damages
    will not entitle the party to the same without any proof of actual
    damages.

    82. Recently, a Coordinate Bench of this Court in its judgment titled
    National Highways Authority Of India v. Patel Knr Heavy
    Infrastructure Pvt Ltd.12
    , while dealing with a similar Clause made the
    observations while dismissing the challenge of the petitioner therein to
    hold that arbitral tribunals interpretation that when there is no nexus
    between the stipulated amount and the actual loss likely suffered by the
    aggrieved party then the stipulation cannot be regarded as a genuine
    pre-estimate of damages. Thus, it is exclusively within the domain of
    the arbitral tribunal to decide the same. The relevant paragraphs of the
    judgment read as under:

    “52. The more substantial challenge of the Petitioner is
    directed towards the interpretation of Clause 18.13 of the
    Agreement, which provides for damages at the higher of two
    amounts, namely, Rs. 10,000 per day or 0.1% of the cost of
    repair. The learned Arbitral Tribunal has examined this
    clause in the light of settled principles governing liquidated
    damages and penalties. It has been concluded that a
    stipulation requiring payment of the higher of two amounts,
    12
    2026 SCC OnLine Del 2895.

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    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 43 of 46
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    without any clear nexus to the actual loss likely to be
    suffered, cannot be regarded as a genuine pre-estimate of
    damages. Consequently, the learned Arbitral Tribunal has
    treated the higher amount as penal in nature and has
    restricted the damages to Rs. 10,000 per day as a
    reasonable measure.

    53. This approach is in consonance with the principles
    embodied in Section 74 of the Indian Contract Act, 1872,
    which mandates that only reasonable compensation may be
    awarded, irrespective of the amount named in the contract.
    The learned Arbitral Tribunal has not rewritten the contract
    but has instead harmonised the contractual stipulation with
    the governing legal framework.Such an exercise falls
    squarely within the jurisdiction of the learned Arbitral
    Tribunal and does not call for interference.”

    (Emphasis Supplied.)

    83. Also, the Hon’ble Division Bench of this Court in its judgment titled
    National Highways Authority of India v. D.S. Toll Road (P) Ltd.13,
    while upholding the quantification of nominal damages by the arbitral
    tribunal made the observation that in a scenario where a party is
    entitled to compensation but is unable to prove the same, nominal
    damages can nonetheless be awarded. The relevant paragraph of the
    judgment reads as under:

    “36. The Arbitral Tribunal had accepted that DTRL was
    entitled to compensation for loss of opportunity and profits
    13
    2024 SCC OnLine Del 316.

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 44 of 46
    20:30:27
    due to prolongation of the construction period. However,
    the Arbitral Tribunal did not accept DTRL’s computation of
    the claimed amount of Rs. 9,06,45,316/-. The Arbitral
    Tribunal found that DTRL had not produced sufficient proof
    for establishing the quantum as claimed. Accordingly, the
    Tribunal awarded nominal damages. It is well-settled that
    where a party, which is entitled to compensation, is unable
    to establish the same, nominal damages can be awarded. It
    is also well-settled that nominal damages are not
    necessarily restricted to a token amount. In the present case,
    the Arbitral Tribunal had quantified the nominal damages
    to 1% of the amount as claimed. We are unable to accept
    that the impugned award in this regard is liable to be set
    aside in these proceedings.”

    (Emphasis Supplied.)

    84. In the instant case as clear from the aforesaid paragraphs, Atlanta, from
    the outset has denied any breach on its part and challenged the
    mechanical invocation of Clause No. 18 on the ground that no actual
    damage has been suffered by the NHAI to claim damages.

    85. It is clear in view of the aforesaid principles that it is exclusive domain
    of the AT to interpret any contractual clause and decide the quantum of
    claims, which cannot be interfered with by this Court in its Section 34
    jurisdiction. The said Clause cannot be reinterpreted or the evidence
    cannot be reappreciated by this Court so as to exceed its jurisdiction
    and act as an appellate Court.

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 45 of 46
    20:30:27

    86. The findings of the AT qua Counter Claim No. 4(c) represents a
    plausible view which is supported by the settled position of law and
    falls within the domain or discretion of the AT. In this view of the
    matter, no ground warranting interference with the findings of the AT
    is established.

    CONCLUSION

    87. For all the aforesaid reasons, and having found no ground within the
    confines of Section 34 of the Act to set aside the reasoned findings of
    the Learned Arbitral Tribunal, I am of the view that the impugned
    Award read with the Correction Award/order does not suffer from
    perversity, patent illegality or any other recognised vice warranting
    interference.

    88. Accordingly, the petitions are dismissed in the aforesaid terms, along
    with pending applications, if any.

    JASMEET SINGH, J
    MAY 26th , 2026/(SS)

    Digitally Signed
    By:MAYANK
    Signing Date:26.05.2026 O.M.P. (COMM) 152/2022 & O.M.P. (COMM) 243/2022 Page 46 of 46
    20:30:27



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