Ludhiana City Bus Service Limited seeks stay on arbitration order : The Tribune India

Join Whatsapp Channel

Ludhiana City Bus Service Limited seeks stay on arbitration order

Ludhiana City Bus Service Limited seeks stay on arbitration order

Photo for representational purpose only. - File photo



Tribune News Service

Ludhiana, April 2

Ludhiana City Bus Service Limited (LCBSL) filed a petition in the court of the District Judge, appealing for a stay on the order issued by the arbitration dated January 29. The arbitration had previously ruled in favour of the private firm operating city buses. LCBSL had been directed to pay approximately Rs 5 crore to the private operator for its failure to approve fare revisions. Now, LCBSL has moved the court seeking a stay on the arbitration’s order.

In the application, the petitioner (LCBSL) stated that if the impugned award is not stayed, it will suffer ‘grave prejudice’, and its properties will be attached, which is against public policy, substantive law and without jurisdiction.

After the LCBSL lost the case, opposition leaders sought a probe and demanded accountability from the officials concerned.

Following the termination of the contract with the private operator, LCBSL recovered 29 out of 82 buses from the contractor last month.

As many as 120 buses were purchased under JNNURM. When LCBSL signed the agreement with a private operator in 2015, many questions were raised about the agreement’s conditions, but the then MC officials allegedly did not take the matter seriously. Later, an audit report raised questions on the operations of LCBSL and the MC. The audit revealed outstanding payments and bank guarantees that were to be recovered from the private operator.

About The Author

The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.


Top News

Rahul Gandhi's helicopter checked by election officials in Tamil Nadu

Rahul Gandhi's helicopter checked by election officials in Tamil Nadu

The flying squad officials conducted the search after the he...


Cities

View All