JUDGMENT

Sanjeev Narula, J. (Oral)--The present petition under Section 34 of the Arbitration and Conciliation Act, 1996 [hereinafter, "the Act"] is directed against an Award dated 4th November, 2020 passed by the Sole Arbitrator, whereby the claims filed by the Petitioner-Ads Hi Tech Polymers Private Limited [hereinafter, "ADS"] as well as the counter claims filed by the Respondent- GENETIX Biotech Asia Private Limited [hereinafter, "GENETIX"] stand rejected.

THE FACTS

2. The challenge in the present petition is in respect of the rejection of claims filed by ADS. Briefly stated, ADS and GENETIX entered into a Non-Disclosure Agreement dated 14th October, 2008. Subsequently, they entered into three associated agreements viz. (i) Non-Disclosure Agreement; (ii) Contract Manufacturing Agreement (to govern specifics of development and manufacturing of desired products); and (iii) Dies and Moulds Agreement (to govern specifics of moulds and dies to be procured and used for manufacture of desired product) - all dated 3rd April, 2009, for manufacture of plastic and polymer based products that included centrifuge tubes, cryobox, storage vials etc. [hereinafter, collectively referred to as