Sole Arbitrator's Award partly allows Larsen & Toubro claim; Rs. 25.66 cr payable with 8% interest and costs
Sole Arbitrator's Award (Sept 24, 2026): Larsen & Toubro's claim partly allowed — Rs. 25.66 cr payable with 8% p.a. interest and costs.
By ScoutQuest · · 2 min read
- Arbitral Award Amount Payable
- Rs. 25.66 cr payable with 8% p.a. interest and costs
- Interest Rate
- 8% p.a.
- Company Counter-Claim / Dues Held Outside Scope
- Rs. 23.51 cr dues held outside the arbitration's scope
What the company has disclosed
An Award was passed by the Sole Arbitrator on September 24, 2026 in an arbitration between the company and Larsen and Toubro Limited, arising out of business disputes between the two. The arbitration was conducted before a Sole Arbitrator appointed by the Madras High Court under the Arbitration and Conciliation Act, 1996. The company has said the Award was noted and taken on record by its Board.
What the Award says
- The Award partly allows the claim of Larsen and Toubro Limited: an amount of Rs. 25.66 cr is to be paid to the applicant, with interest at the rate of eight percent per annum, and costs.
- The company's counter-claims were dismissed.
- The company's outstanding legitimate dues of Rs. 23.51 cr were held to be outside the scope and purview of the arbitration agreement. The Award states this is open to the company to challenge in another court of law or appropriate forum.
- The company states that the monetary value awarded is Rs. 25.66 cr, with interest and costs.
What the company says it will do
- The company says it does not foresee any operational impact.
- The company and its counsels are analysing and evaluating the Award and will take suitable legal recourse.
- The company says it believes it has a strong case on merits to pursue the matter.
How a retail investor can read this
- This is an arbitration outcome, not a court decree, and the company has said it will pursue legal recourse. The Award directs payment of Rs. 25.66 cr plus interest at eight percent per annum and costs, so the eventual amount, if it stands, would be this sum plus interest for the relevant period and costs.
- The word used is "partly allowed" for the applicant's claim, meaning the arbitrator did not grant the claim in full.
- The company's own dues of Rs. 23.51 cr were not decided on merits in this arbitration. The Award places them outside the arbitration's scope and says they can be raised in another court or appropriate forum.
- Statements such as "no operational impact" and "strong case on merits" are the company's own position; the operative direction in the Award is the payment of Rs. 25.66 cr with interest and costs.
- The company has said it is evaluating the Award and will take suitable legal recourse, so the next steps it chooses will be the things to watch.
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More numbers
- Amount awarded to be paid to the applicantRs. 25.66 cr.
- Interest rate on the awarded amounteight percent per annum
- Company's outstanding legitimate dues held outside arbitration scopeRs. 23.51 cr.
- Monetary value awarded, as stated by the companyRs. 25.66 cr.
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