JUDGMENT

Chandra Dhari Singh, J.

1. The instant petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as "the Act") has been filed on behalf of the petitioner seeking the following reliefs:

"In view of the facts, grounds and circumstances stated above, this Hon'ble Court may graciously be pleased to:

(i) allow the present application and set aside the Impugned Award dated 12.09.2018 passed by the Ld. Sole Arbitrator, received by the Applicant on 19.09.2018 and;

(ii) pass such other further order or orders as this Hon'ble Court may deem fit and proper in the aforesaid facts and circumstances."

FACTUAL MATRIX

2. The petition has been filed against the impugned Award dated 12th September 2018 passed by Justice R.C. Jain(Retd.), the learned Sole Arbitrator. The Arbitration proceedings in the current matter arose out of Concessionaire Agreement with respect to the re-development, operation, and maintenance of the 'Bawana Industrial Area' (hereinafter referred to as the "Project Area") situated in Delhi.

3. The facts necessary for the disposal of this instant petition are that the petitioner M/s Bawana Infra Development Private Limited, was a spec