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HIGH COURT OF DELHI
HON'BLE MR. JUSTICE DINESH KUMAR SHARMA, J
AIRPORTS AUTHORITY OF INDIA – Appellant
Versus
DELHI INTERNATIONAL AIRPORT LIMITED & ANR. – Respondent
JUDGMENT :
DINESH KUMAR SHARMA, J.
| S. No. | Particulars |
| A. | Preface |
| B. | Factual Matrix |
| C. | Submissions on behalf of Petitioner |
| D. | Submissions on behalf of the DIAL |
| E. | Finding and Analysis |
A. PREFACE
1. The present petition has been filed under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as "Act") challenging the impugned arbitral award dated 21.12.2023 as corrected under Section 33 of the Act vide order dated 16.01.2024.
2. Airports Authority of India (hereinafter referred to "the Petitioner" and/or "AAI") is a statutory authority established under the Airports Authority of India Act, 1994, responsible for maintaining and managing civil aviation infrastructure in India.
3. Delhi International Airport Ltd. (hereinafter referred to as "Respondent No. 1" and/or "DIAL") is a joint venture entity entrusted with the operation, management, and development of Indira Gandhi International Airport, Mumbai ('IGIA') under an Operation, Management and Development Agreement (hereinafter referred to as "OMDA") dated 04.04.2006 executed between AAI and DIAL.
4. ICICI Bank limited (hereinafter referred to as 'ICICI' or 'Respondent No.2') is a private sector bank and the designated esc
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