Thiru Industries Ltd (TIL) had floated a tender calling for contractors to lay cable in the plant located near a village in Nashik district. Many bids were received, as TIL was a reputed name in the market and many vendo

Thiru Industries Ltd (TIL) had floated a tender calling for contractors to lay cable in the plant located near a village in Nashik district. Many bids were received, as TIL was a reputed name in the market and many vendors wanted to be associated with it. TIL finalised the bid and it was awarded to Meru Ltd for execution. Later, dispute arose between TIL and Meru Ltd regarding the approval of the milestones and payments. TIL was forced to termiante the contract as per the tender document. The matter was referred to arbitration as per the terms of agreement. Now, Tej, a Senior Manager of TIL Ltd was asked to produce evidence by way of affidavit before the arbitrator. The Director of TIL was dicussing this matter with Biju, a Senior Lawyer, who said 'though the Evidence Act, 1872 is not strictly followed in arbitration, production of evidence by way of affidavit forms an inevitable part of arbitration.' In this background, draft an affidavit assuming necessary facts.