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NEENA BANSAL KRISHNA
Zakir Hussain, Director Zum Zum Cold Storage Pvt. Ltd. M/s Zum Zum Cold Storage Pvt. Ltd. – Appellant
Versus
Sunshine Agrisystem Pvt. Ltd. – Respondent
| Table of Content |
|---|
| 1. challenge to the arbitration award details. (Para 1 , 2) |
| 2. factual terms of the cold storage agreement. (Para 3 , 4 , 5 , 6 , 7) |
| 3. disputed claims and damages. (Para 8 , 9 , 10 , 11) |
| 4. arbitrator's award on claims. (Para 12 , 13 , 14) |
| 5. petitioner's objections to arbitration findings. (Para 15 , 16 , 17 , 18 , 19 , 20 , 21) |
| 6. arguments on damages and misappropriation. (Para 22 , 23 , 24 , 25 , 26 , 27 , 28) |
| 7. respondent’s defense and arbitration process integrity. (Para 29 , 30 , 31) |
| 8. legal principles on arbitrability. (Para 34 , 52) |
| 9. final conclusions on procedural errors and evidentiary issues. (Para 76 , 84) |
| 10. conclusion and direction regarding arbitration award. (Para 85 , 86) |
JUDGMENT
Neena Bansal Krishna, J.
1. A petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as 'A & C Act, 1996') has been filed for setting aside the Award dated 04.02.2021.
2. The petitioner has challenged the impugned Award dated 04.02.2021 whereby the following reliefs have been awarded :
(i) the claim of the Respondent (claimant in the suit) has been allowed to grant damages in the amount of Rs. 1,79,83,682/- (One crore seventy-nine lakh e
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