G.S.Sistani, J.

This is an appeal filed by the appellant under Section 37(1)(c) of the Arbitration and Conciliation Act, 1996 (hereafter “the Act”) read with Section 13(1) of the Commercial Courts/Commercial Division and Commercial Appellate Division of High Courts Act, 2015 against the order dated 03.04.2018 passed by the learned Single Judge by which the objections to the Arbitral Award dated 25.11.2017 have been dismissed.

2. The necessary facts, which are required to be noticed for disposal of this appeal, are as under :-

3. The appellant, Rail land Development Authority (RLDA), was constituted by the Central Government under section 4A of the Railway Act, 1989 on 31.10.2006 and bought into existence from 01.11.2006 with the purpose to undertake the development of vacant land of Railways for commercial use on behalf of the Railway Ministry to generate revenue through non-tariff measures and optimize the utilization of public property.

4. On 02.02.2010, the appellant floated a document of Request for Qualification (RFQ) for grant of lease for development of land including re-development of existing Railway Colony at Sarai Rohilla, New Delhi. On 05.06.2010, the bidders were