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Looking to slash Rs 70K cr arbitration liability via conciliation: NHAI Chief

The National Highways Authority of India (NHAI) is looking to settle a majority of its arbitration cases, with claims running over Rs 70,000 crore, through conciliation, a move that is likely to reduce its liabilities, the authority’s chief said. “This is the priority of the organisation,” Sukhbir Singh Sandhu, chairman of NHAI, told ET in his first interview since taking charge.

“We are calling all parties, saying let’s sit across the table and decide instead of first going through arbitration, high courts, speed courts. It takes years and years.” NHAI has around 180 cases in arbitration with claims at over Rs 70,000 crore.

Source
Economic Times
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