Government Contract Dispute
An Indian EPC contractor (Contracting Co) entered a dispute and initiated arbitration with a State Government of Odisha undertaking (“GOU”) because of the GOU short closing three contracts. During the course of proceedings, Contracting Co. defaulted on bank borrowings which led to the appointment of a liquidator.
LitiCap entered after commencement of arbitration which had been through significant delays in proceedings due to a weak litigation strategy.
LitiCap redesigned the dispute resolution strategy.
Application for extension of arbitration time is moved to Odisha High Court and a hearing is awaited.