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2023 Supreme(Del) 4999

VIBHU BAKHRU, AMIT MAHAJAN
Unique Decor (india) Pvt. Ltd. – Appellant
Versus
Synchronized Supply Systems Ltd. – Respondent


Advocates appeared:
Mr. Nishant Nigam & Mr. Aman Abbi, Advocates, for the Petitioner.
Mr. Sushil Shukla, Advocate, for the Respondent.

JUDGMENT

Vibhu Bakhru, J.

Introduction

1. Unique Dicor (India) Pvt. Ltd. - a company incorporated under the Companies Act, 1956 - has filed the present appeal under Section 37(1)(a) of the Arbitration and Conciliation Act, 1996 (hereafter `the A&C Act') impugning an order dated 24.02.2023 (hereafter `the impugned order') passed by the learned Commercial Court, whereby the appellant's application under Section 8 of the A&C Act, in a suit for recovery filed by the respondent, Synchronised Supply Systems Ltd., bearing no. C.S. (Comm) 150/2020, was rejected.

Factual Context

2. The appellant/defendant is the owner of a property/warehouse situated at SP 1-31, RIICO Industrial Area, Neemrana, Rajasthan (hereafter `the Demised Premises'). The parties entered into an agreement for the purpose of leasing out the property to the respondent and, in this regard, executed a rent agreement dated 01.07.2017 (hereafter `the Rent Agreement').

3. The Rent Agreement provided that the lease period for the Demised Premises would be for the period of one year, from 01.08.2017 to 31.07.2018, subject to further renewal on a yearly basis. In terms of the Rent Agreement, the respondent/plaintiff also agreed

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