$~68 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 07.10.2024 + O.M.P.(MISC.)(COMM.) 788/2024 ICRI CORPORATES PRIVATE LIMITED .....Petitioner Through: Mr. Sunil Choudhary, Adv.

versus SHOOGLO NETWORK PRIVATE LIMITED (PREVIOUSLY OMG NETWORK PRIVATE LIMITED) .....Respondent Through: Mr. Mayank Arora and Mr. Abhnav Agrawal, Advs.

CORAM:

HON'BLE MR. JUSTICE SACHIN DATTA SACHIN DATTA, J. (ORAL

1. The present petition has been filed under Section 39(2) of the Arbitration and Conciliation Act, 1996 (hereafter the A&C Act) assailing an order dated 12.08.2024, passed by the learned Arbitrator, disposing of an application filed by the claimant/respondent under Section 31A read with Section 38 of the A&C Act.

2. The respondent/claimant instituted the present arbitral proceedings seeking a claim amounting to Rs.44,69,864/-,along with interest @ 24% p.a. 3. The claimant filed its statement of claims dated 10.07.2019, and the respondent filed its statement of defence dated 29.08.2019. Along with its statement of defence, the respondent also filed a counter-claim seeking recovery of Rs.2 crores along with pendent lite and future interest.

4. By order dated 29.08.2019, the arbitral tribu