gayatri projects limited - Edelweiss

lakhs (for value of work done upto 31.01.1991) and also prayed for direction to the Respondent for releasepayment of Price variation due to revision of daily minimum wages of unskilled workers for all the quantities of workdone upto 31.01.1991.Claim No. 3: Interest on the above Claims. The said Claims were rejected by the Employer. Consequently, theClaimant referred the disputes to the arbitration. The umpire allowed claims Nos. 1 and 3 vide Award dated:27.02.1993 the Hon’ble Court of the Senior Civil Judge, Gajuwaka made the award Rule of Court. The Employerfailed to honour the Decree. Consequently, GPL preferred subject execution Petition. The matter is pending foradjudication.4. Gayatri Engineeging Co. vs. .M/s Rashtriya Ispat Nigam Ltd. (CMA No. 899 of 2005) at High Court of A.P.,Hyderabad.The Gayatri Engineering Co. executed civil engineering works in Medium Merchant Structural Mill Part – II locatedat Visakhapatnam, Andhra Pradesh. In the said work the Gayatri Engineering Co. submitted the claims:Claim No.1: Price variation due to changes in labour, wages (Rs. 5.02 Lakhs). Claim No. 2: Payment of Pricevariation (full escalations) due to revision of daily minimum wages of unskilled worker. Amount of Claim of Rs.42.41Lakhs (for value of work done upto 31.01.1991) and also prayed for direction to the Respondent for releasepayment of Price variation due to revision of daily minimum wages of unskilled workers for all the quantities of workdone upto 31.01.1991. Claim No. 3: Interest on the above Claims. The said Claims were rejected by the Employer.Consequently, the Claimant referred the disputes to the Arbitration. The Umpire allowed claims Nos. 1 and 3 videAward dated: 27.02.1993 the Hon’ble Court of the Senior Civil Judge, Gajuwaka made the Award Rule of Court.However, the Hon’ble Court did not grant the interest on the aforesaid Claims. Consequently, the Appellant preferredthe present Appeal and the same is pending for adjudication.5. M/s Scanska Cementati-on India Ltd. vs. Kakinada Ports & Ors. (O.S. No.33/2005) at IVth Addl. District Judge,Kakinada.Gayatri Projects Limited executed work(Construction of Approach Berths and Back-up Area for Development ofDeep Water Port) at Kakinada Port, which started in the year 1992 and was completed by March 1997. Pendingpayment of final bill, the employer made the allegation that Gayatri Projects Limited has defaulted in payment ofseignior age charges and accordingly imposed a penalty of Rs.166.79 Lakhs. The employer further alleged that theCompany had failed and ignored to pay the balance seignior age charges along with penalty of Rs.166.79 Lakhsand invoked the Bank Guarantee furnished on behalf of JV Partners Gayatri Projects Limited, Essar ProjectsLimited and Scanska Cementation India Limited .Consequently, GPL become one of the affected party. As a resultof the same, the Joint Venture Partners Gayatri Projects Limited, Essar Projects Limited and Scanska CementationIndia Limited preferred suit for permanent injunction.The matter is pending at trial stage since the appeal (CMA 4152 of 2004) preferred by the Kakinada Court ispending for final arguments before the Hon’ble High Court of A.P. Gayatri Projects Limited submitted an applicationfor reconsideration of the imposition of penalty which application was considered by the Govt. of A.P. who after dueconsideration gave a direction to Kakinada Port not to impose penalty and to collect normal seignior age charges.The Kakinada Port agreed to recover-normal Seignior age charges along with agreeing to withdraw the letter ofinvocation of Bank Guarantee vide Minutes of Meeting dated: 19.12.2005. The company paid normal seignioragecharges of Rs.10.67 Lacs/- towards full and final settlement of seigniorage claim and also settled the Final Bill byadjusting the outstanding dues. Accordingly, parties agreed to withdraw all the pending cases. The withdrawal ofthe aforesaid matter is a mere formality.6. Gayatri Projects Limited vs. Air Port Authority of India (OMP NO.196/2001.) at High Court of DelhiThe Gayatri Projects Limited executed Calicut Airport Work, which commenced on January 1 st 1996 and wascompleted on November 30 2001. The Company made following Claims,Claim No. 1: For reimbursement of difference in amount of additional levy imposed on 30/40 grade bitumen. ClaimNo. 2: For Idling of Machinery and loss of progress. Claim No. 3: For watering of public roads from borrow areasto the site due to illegal acts of villagers. And as extra expenditure due to one way traffic on roads arising out ofillegal acts of villagers. Claim No. 4: For Loss arising out law and order problems, riots etc., due to un-authorized147