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IN THE HIGH COURT OF DELHI AT NEW DELHI
HARISH VAIDYANATHAN SHANKAR
Sng Developers Limited – Appellant
Versus
Lord Vardhman Buildtech Private Limited – Respondent
| Table of Content |
|---|
| 1. overview of disputes and agreements between parties. (Para 1 , 2 , 5 , 6 , 7 , 8 , 10) |
| 2. petitioner's argument regarding limitation and acknowledgment. (Para 22 , 23 , 24 , 26 , 28 , 29 , 32) |
| 3. respondent's counterarguments on acknowledgment and liability. (Para 34 , 35 , 36 , 37 , 40) |
| 4. court's analysis on the issues of acknowledgment of liability. (Para 43 , 44 , 45 , 46 , 47) |
| 5. conclusion on the merits of the challenge to the arbitral award. (Para 70 , 71 , 74) |
JUDGMENT :
HARISH VAIDYANATHAN SHANKAR, J.
1. The Objection Petition, beingO.M.P.(COMM) 348/2024, has been filed under Section 34 of theArbitration and Conciliation Act, 1996 , A&C Act, assailing theArbitral Award dated 22.04.2024, Impugned Award passed by the learned Sole Arbitrator in the arbitration proceedings titled „Lord Vardhman Buildtech Private Limited v. SNG Developers Limited‟, whereby the Claimant/Respondent was awarded a sum of Rs. 7.50 Crores towards refund, along with pendente lite and future interest at the rate of 10% per annum till the date of actual payment.
2. The Enforcement Petition, beingOMP(ENF.)(COMM.) 223/2024, has been filed by the Claimant/Decree Holder under Section 36 of the
Arbitration awards under Section 34 are upheld unless they contradict fundamental policies of Indian law or evidence patent illegality; acknowledgments of liability in balance sheets extend the limit....
The court affirmed that a promise to pay a time-barred debt under Section 25(3) of the Indian Contract Act can revive the claim, and the Arbitrator's findings were not subject to re-evaluation under ....
The court affirmed that limited judicial review under Section 34 of the Arbitration Act does not allow for re-evaluation of arbitration awards unless they are demonstrably perverse, illegal, or devoi....
The limited grounds for interference with an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996, emphasize the concept of patent illegality and the criteria for setting asi....
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