PIB News
NHAI Wins Arbitration Case for Chittorgarh–Udaipur Highway Project to Protect Public Funds
The National Highways Authority of India (NHAI) successfully defended its position in an arbitration case against Uchit Expressway Private Limited regarding the Chittorgarh-Udaipur National Highway project. The Arbitral Tribunal upheld NHAI's stance, rejecting the concessionaire's claims totaling Rs. 366.53 crores, including a significant COVID-19-related prolongation cost claim. Instead, the Tribunal awarded NHAI Rs. 33.54 crore in counter-claims and allowed only a small portion of the concessionaire's claims. This ruling is significant as it protects public funds and reinforces the contractual agreements governing national highway projects in India.
The Radius summarizes this story. Read the original report from PIB News.
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