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48.3(b)(iii) A party may apply to tribunal with<strong>in</strong> 30 days of receipt of award to make<br />

on additional award as to claims presented <strong>in</strong> the arbitral proceed<strong>in</strong>gs but<br />

omitted from the arbitral award.<br />

48.4 In case of the Tribunal, compris<strong>in</strong>g of three Members, any rul<strong>in</strong>g or award shall be<br />

made by a majority of Members of Tribunal. In the absence of such a majority the<br />

views of the Presid<strong>in</strong>g Arbitrator shall prevail.<br />

48.5 Where the arbitral award is for the payment of money, no <strong>in</strong>terest shall be payable<br />

on whole or any part of the money for any period till the date on which the award <strong>in</strong><br />

made.<br />

48.6 The cost of arbitration shall be borne by the respective parties. The cost shall<br />

<strong>in</strong>ter-alia <strong>in</strong>clude fees of the arbitrator(s) as per the rates fixed by the Railway<br />

Adm<strong>in</strong>istration from time to time.<br />

48.7 Subject to the provisions of the aforesaid Arbitration and conciliation Act 1996<br />

and the rules there under and any statutory modification thereof shall apply to the<br />

arbitration proceed<strong>in</strong>gs under this clause.<br />

**********<br />

Signature of contractor Page 83 of 104 Dy CSTE/Proj/IRPMU/CNB

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