NOIDA CYBER PARK PVT. LTD. vs BHAYANA BUILDERS PVT. LTD.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2017 Supreme(Del) 2577

VALMIKI J.MEHTA
NOIDA CYBER PARK PVT. LTD. – Appellant
Versus
BHAYANA BUILDERS PVT. LTD. – Respondent

Advocates Appeared:
For the Appellant :Mr. P.P. Malhotra, Senior Advocate with Ms. Mamta Tiwari, Mr. Vijay Kumar and Mr. Anshul Rawat, Advocates.
For the Respondent:Mr. Saurabh Kirpal and Mr. Nishant Nigam, Mr. Mohit Mahla and Mr. Yashvardhan Bandi, Advocates.

JUDGMENT :

VALMIKI J. MEHTA, J

CAV No. 689/2017

Since counsel for the caveator has entered appearance, the caveat stands discharged.

CM Nos. 27232/2017 & 27233/2017

Exemptions allowed subject to all just exceptions.

CMs stand disposed of.

FAO No. 324/2017

1. This first appeal under Section 37 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as “the Act”) impugns the judgment of the Court below dated 30.03.2017 whereby the objections filed by the appellant/objector under Section 34 of the Act have been dismissed.

2. Objections were filed by the appellant against the Arbitral Award of the Arbitrator dated 27.08.2016. By the Award dated 27.08.2016 the Arbitration Tribunal allowed certain claims of the respondent/claimant in terms of paras 120 and 121 thereof and which paras read as under :-

“120. Final relief:-
(i). Claim No.1	Rs. 25 lacs
(ii). Claim No. 2	Rs. 6,28,336.88
(iii). Claim No. 3	Rs. 5,28,458/-
(iv). Claim No. 4	Nil
(v). Claim No. 5	6% p.a.
(vi). Claim No. 6	Rs. 4 lacs
Total	Rs. 40,56,

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2017 Supreme(Del) 2577

VALMIKI J.MEHTANOIDA CYBER PARK PVT. LTD. – AppellantVersusBHAYANA BUILDERS PVT. LTD. – Respondent

Cases Referred (1)

VALMIKI J.MEHTA
NOIDA CYBER PARK PVT. LTD. – Appellant
Versus
BHAYANA BUILDERS PVT. LTD. – Respondent