JUDGMENT

Rohit B. Deo, J. - The appellant is the original claimant (hereinafter referred to as the 'claimant') and is aggrieved by the judgment and order dated 09-12-2016 rendered by the learned Principal District Judge, Nagpur (PDJ) in Miscellaneous Civil Application 834/2009 whereby the application preferred by the claimant under Section 34 of the Arbitration and Conciliation Act (the Act) is rejected and the award dated 27-10-2009 made by the learned Arbitrator is upheld.

2. The claimant is engaged in manufacture of steel products.

3. The respondent-Maharashtra Airport Development Company Limited (hereinafter referred to as the MADC) is a Government company incorporated under the Companies Act, 1956 and tasked with the development of Airports. MADC is the Nodal Agency for development of the Multi-Model International Hub at Nagpur (MIHAN).

4. Substantial land was acquired in the vicinity of the Nagpur Airport and a Special Economic Zone (SEZ), is carved out, with the purpose of allotment of plots to industries who would avail certain tax and other fiscal benefits.

5. The factual backdrop of the dispute which is culled out by the learned Arbitrator may now be noted.

6. The claimant addr