JUDGMENT :

JYOTI SINGH, J.

1. The present petition has been filed by the petitioner under Section 34 of the Arbitration and Conciliation Act,1996 (the Act) for partially setting aside the Award dated 20.11.2014, passed by the Arbitral Tribunal. The petition seeks to challenge the Award to the extent it has partially rejected the claim of the petitioner under Issue No. 1 as also the claims under Issue Nos. 3,4,5,6 and 7(f) and 7(g).

2. It may be noted at this stage that when the matter was heard on 4.9.2019, learned counsel for the petitioner had at the outset stated on instructions, that he would not press the petition with respect to claim Nos. 3,4,5,6 and 7(f) and 7(g), and would only restrict his arguments to the partial rejection of Claim No. 1. This is so recorded in the order dated 4.9.2019, when the judgment was reserved by this Court.

3. The brief facts which need a mention for deciding the present petition are that vide a duly registered Lease Deed dated 20.12.2004, premises being Unit Nos. 7th and 8th Floor, of Lotus Towers Community Centre, New Friends Colony, New Delhi,