S.A. Yadav Files Rs 72.87 Crore Claim Against IRCON in Arbitration Tribunal
IRCON International Ltd has informed that claimant S.A. Yadav has initiated the claim against the Company in the Arbitral tribunal and the expected financial implication Will depend upon final adjudication of the Disputes/Claims.
IRCON International Ltd has informed that claimant S.A. Yadav has initiated the claim against the Company in the Arbitral tribunal and the expected financial implication Will depend upon final adjudication of the Disputes/Claims. However, the claimant is expecting around Rs 72.87 crore.
The details of the dispute are stated as Dispute Details regarding "Cost Against Quality Saving, Plant and Machinery idle charges, Lab Establishment Additional BG and SO charges with interest, Electricity and site Exp., Lab Establishment etc.
The claimant has been given a construction order of Civil Works up to formation including earthwork, blanketing, minor bridge, retaining Vs. walls, drains, ground improvement works, relocation of existing roads, etc. from CH Ircon International 112+000 (IR 79.3300) to 125+000 (IR 92.300) Ltd. in connection with the construction of western (Respondent) DFC Phase- " Vaitarna- Sachin Section, Infra Works Package- SB 1-B on an item rate basis.
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