Steel Authority Of India Limited vs M/S Primetals Technologies India Pvt ...

ik-69138097 Delhi High Court 23 February 2026 • 19 min read

Judges (1)

Counsel (7)

Anurag Tiwari Counsel Petitioner Ashish Tiwari Counsel Petitioner Keshri Kumar Counsel Respondent Rajesh Markanda Counsel Respondent Sahib Patel Counsel Petitioner Saurav Markanda Counsel Respondent Siddharth Yadav Counsel Petitioner

Parties (2)

Primetals Technologies India Pvt Limited Respondent Steel Authority Of India Limited Petitioner

Case Significance

Steel Authority Of India Limited vs M/S Primetals Technologies India Pvt ... is a Delhi High Court decision dated February 23, 2026 (citation: ik-69138097). SAIL challenged an arbitral award under Section 34 that directed it to refund Rs 1.40 crores deducted from Primetals' final payment for shortfall in minimum guaranteed CENVAT credit (MGCC) under a 2007 contract for replacement of equipment at Bhilai Steel Plant. The court found the arbitrator's interpretation that no contractual clause permitted MGCC deduction was plausible, the claim was filed within limitation, and SAIL's waiver argument failed. The S.34 petition was dismissed as the award The case was heard by Justice Avneesh Jhingan.

Summary

SAIL challenged an arbitral award under Section 34 that directed it to refund Rs 1.40 crores deducted from Primetals' final payment for shortfall in minimum guaranteed CENVAT credit (MGCC) under a 2007 contract for replacement of equipment at Bhilai Steel Plant. The court found the arbitrator's interpretation that no contractual clause permitted MGCC deduction was plausible, the claim was filed within limitation, and SAIL's waiver argument failed. The S.34 petition was dismissed as the award was not vitiated by perversity, patent illegality, or conflict with public policy.

What was the outcome of Steel Authority Of India Limited vs M/S Primetals Technologies India Pvt ...?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-69138097)