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2023 Supreme(Del) 4854

NAJMI WAZIRI, VIKAS MAHAJAN
Indeen Bio Power Ltd. – Appellant
Versus
EFS Facilities Services India Pvt. Ltd. And – Respondent


Advocates appeared:
Mr. Hiroo Advani, Mr. Navdeep Dahiya, Ms. Aditi Shrivastava and Mr. Karandeep Dahiya, Advocates, for the Appellant in FAO(OS) (COMM) 14 of 2021, CM APPL. 15614 of 2021 & CM APPL. 42606 of 2021 & FAO(OS) (COMM) 111 of 2021 & for the Respondent in FAO(OS) (COMM) 56/2021.
Mr. Dayan Krishnan, Senior Advocate with Mr. Vasanth Rajasekaran, Mr. Sukrit Seth, Mr. Saurabh Babulkar and Mr. Harshvardhan Korada, Advocates, for the Respondent in FAO(OS) (COMM) 14 of 2021, CM APPL. 15614 of 2021 & CM APPL. 42606 of 2021 & FAO(OS) (COMM) 111 of 2021 & for the Petitioner in FAO(OS) (COMM) 56/2021.

JUDGMENT

Najmi Waziri, J. In FAO(OS) (COMM) 14/2021 and FAO(OS) (COMM) 111/2021, Indeen Bio Power Limited (`Indeen') has impugned under section 13(1) of the Commercial Courts Act, 2015 (`CCA') read with section 37 of the Arbitration and Conciliation Act, 1996 (`the Act') the order of the learned Single Judge dated 04.01.2021 passed in O.M.P. (COMM.) No 440 of 2020, allowing the respondent's petition under section 34 of the Act which set aside the Arbitral Award dated 20.05.2020.

2. Mr. Hiroo Advani, the learned Advocate for Indeen submitted that the impugned order has erred inasmuch as i) it has re-appreciated the evidence led before the learned Arbitrator; and ii) the delay in preparation of the Final Business Plan ('FBP') was occasioned entirely because of M/s EFS Facilities Services (India) Pvt. Ltd. ('EFS'), (earlier known as Dalkia India Private Limited ('DIPL')). A Project Development Agreement ('PDA') was entered into between DIPL and Indeen on 02.05.2010 for setting up an 8 MW Master Residue Biomass Plant at Chandli, Tehsil Devli, District Tonk, Rajasthan. A Synchronization and Coordination Agreement ('SCA') was signed between DIPL and Indeen on 08.09.2011. It along with so

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