JUDGMENT

[Physical Hearing/Hybrid Hearing (as per request)]

Rajiv Shakdher, J. (Oral)

CM APPL. 43313/2021

1. Allowed, subject to just exceptions.

FAO (COMM) 195/2021

2. This appeal has been filed under Section 37 of the Arbitration and Conciliation Act, 1996 [in short "the 1996 Act"].

2.1. The appeal is directed against the judgment dated 18.02.2021, rendered by the Learned District Judge, Commercial Court-02, South District, Saket Court, New Delhi.

2.2. The appellant before us was the original claimant before the Arbitral Tribunal.

2.3. The respondent i.e., Central Warehousing Corporation [in short `CWC'], not only defended the claim lodged by the appellant, but also went on to file a counter-claim.

2.4. The Arbitral Tribunal, via award dated 26.09.2019, awarded Rs.65,306/- in favour of the appellant, and allowed the counter-claim to the extent of Rs.1,07,304/-. In addition to the above, the respondent was directed to refund to the appellant, the money deposited with it in the form of security deposit and EMD.

2.5. The Arbitral Tribunal had also indicated that, if payments towards the awarded amount(s) are not made within sixty days from the date of award, then interest @