JUDGMENT

Vibhu Bakhru, J. - Indraprastha Gas Limited (hereafter “IGL”) has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereafter the “A&C Act”) impugning an arbitral award dated 18.12.2019 (hereafter “the impugned award”) passed by an Arbitral Tribunal comprising of a Sole Arbitrator.

2. The impugned award was rendered in respect of disputes that had arisen between the parties in relation to Gas Supply Agreements (GSAs) dated 22.03.2011 and 01.11.2014.

3. Briefly stated, the relevant facts that are necessary to address the controversy are as under:

4. IGL is a company registered under the Companies Act, 1956 and is, inter alia, engaged in the business of distribution of natural gas in the NCT of Delhi.

5. The respondent (hereafter “STU”) is a proprietorship concern of Sahil Gupta, having its office at Factory No. 90, Phase II, Badli Industrial Estate, Delhi and is, inter alia, engaged in the business of manufacturing Aluminium, Brass and Copper sheets and circles.

6. Mr Sahil Gupta (the proprietor of STU) had entered into two separate GSAs dated 22.03.2011 and 01.11.2014 with IGL, to purchase Piped Natural Gas (PNG). The GSA dated 22.03.2011