Govt tightens arbitration fee rules as NHAI hits the road to zero debt
“Highway contracts combine long gestation periods, heavy capital, land-acquisition delays and shifting scope, so disagreements over cost and time overruns are almost inevitable,” said Chirag Gupta, associate partner at Alpha Partners, a law firm based in Noida. “These pressures pushed NHAI towards conciliation committees and dispute-resolution boards, eventually leading to avoidance of arbitration as a resolution mechanism for high-value claims.”
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