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1. Ref. case in #LCIA, Petroleum Division rejects storyline of news item appeared in section of media. In fact, #LCIA granted right to PLTL to request for bifurcation of both arbitrations. So, impression tht LCIA decision is a setback for PLTL is misleading and erroneous. Image
2. More so, Recovery of liquidated damages, its extent & nature, as well the question of consequential loss is legal matter to be decided by LCIA. Therefore, statement tht the LDs claim of PLTL will fail is merely a personal inference & deliberate misrepresentative of the facts.
3. PLTL imposed liquidated damages while exercising its contractual & legal rights on account of PGPCL’s delay in starting commercial Op. of Ter-2. PGPCL was required to start Op. on 30th June, 2017 which after delay of 187 days commenced on 4th January 2018.
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