JUDGMENT

Chandra Dhari Singh, J.

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

"(i) Set aside the Award dated 14th October, 2020 passed by the Hon'ble Arbitral Tribunal comprising of Justice (Retd.) A. K. Sikri (Presiding Arbitrator), Justice(Retd.) Usha Mehra (Co-Arbitrator) and Mr. Gopal Jain (Co-Arbitrator) in the matter of arbitration GE Power India Ltd and Shiga Energy Pvt. Ltd.

(ii) Grant a Stay on the operation/execution/enforcement of the impugned arbitral award.

(iii) Pass such other/further order(s) as this Hon'ble Court may deem fit and proper in the facts and circumstances of the present case."

FACTUAL MATRIX

2. The petitioner, Shiga Energy is a private limited company incorporated under the laws of India, having its Registered Office at 207, Chiranjeev Tower, 43 Nehru Place, New Delhi. The petitioner operates as hydro energy generating company. The company specializes in the generation, distribution, management, construction and transmission of hydro-electric power project. The respondent, GE Power (erstwhile Alstom Projects India Ltd.