Delhi HC upholds order for GAIL to pay $7.2 million to Jindal Saw

19 Nov 2024 CW Team

The Delhi High Court has upheld a 2002 arbitral award directing GAIL (India) to pay $7.2 million, along with interest, to Jindal Saw Ltd (formerly Saw Pipes Ltd) in a dispute concerning a global tender for the upgradation of the gas pipeline system. The court's Division Bench, comprising Justices Vibhu Bakhru and Sachin Datta, reaffirmed the arbitral tribunal’s decision that GAIL was responsible for delays in the delivery and should honor the agreed contract amount without deductions.

The original dispute arose after Saw Pipes failed to meet the delivery deadlines due to delays by GAIL, exacerbated by force majeure events. GAIL had withheld payments, citing delays, but the tribunal had ruled in favor of Saw Pipes. The court rejected GAIL’s appeal, stating that the tribunal's decision was reasonable, and upheld the payment order, including interest and costs.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..