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What is Claims and Defense in Renovation Contract Dispute about?
ABC Builders (Claimant) entered into a renovation contract with XYZ Mall Limited (Respondent) for Rs. 50,00,000, completing the work on April 15, 2024, but the Respondent failed to release the final payment of Rs. 30,00,000, citing unsubstantiated quality concerns. The Claimant initiated arbitration proceedings on June 1, 2024, seeking payment and interest, while the Respondent contends that the Claimant did not meet contractual specifications and is entitled to withhold payment until defects are rectified.
- Author
- arindamkalyani1
- Language
- EN