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 petitioner seeking the following reliefs:

"It is, therefore, most respectfully prayed that this Hon'ble Court may graciously be pleased to set-aside award with respect to Claim No.1, 2, 5, 9 and 12.

Any other order or relief as this Hon'ble Court deems fit and proper may be passed in the facts and circumstances of the present case."

FACTUAL MATRIX

2. The petition is filed against the impugned Award dated 12th September 2018 passed by Justice R.C. Jain (Retd.), the learned Sole Arbitrator. The Arbitration proceeding in the current matter arose out of Concessionaire Agreement dated 20.07.2011 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 is DSIIDC, a Government Company incorporated under the Companies Act, 1956. The petitioner circulated a tender inviting bid from interested parties on a Public Priv