JUDGMENT

Vibhu Bakhru, J. - The petitioner (hereafter 'DSIIDC') has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1966 (hereafter the 'A&C Act'), inter alia, impugning an Arbitral Award dated 24.12.2018 passed by the Arbitral Tribunal (hereafter the 'impugned award') comprising of a Sole Arbitrator. Further, the petitioner prays that the respondent (hereafter 'Mapsa') be directed to pay the outstanding ground rent amounting to Rs. 1,57, 87,606/- (up to 05.07.2018) for the execution of the Supplementary Lease Deed.

2. Dsiidc is a Government of NCT of Delhi undertaking, established in 1971, tasked with aiding, counseling, assisting and financing promoted projects to transform the face of Delhi. Mapsa is a company registered under the Companies Act, 1956. The impugned award was rendered in respect of the disputes that had arisen in relation to a commercial plot measuring 1000 sq.m. located at the Bawana Industrial Area, which was purchased by Mapsa from DSIIDC in an open auction on 30.10.2006 bearing Plot No. 1/07, Sector - 1, Cluster - O (1000 sq.m.), Bawana Industrial Area, Delhi (hereafter 'the Plot').

3. The Plot was purchased by Mapsa for a con