JUDGMENT

VIBHU BAKHRU, J

1. The Ministry of Youth Affairs and Sports (hereinafter ‘MYAS’) has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter ‘the A&C Act’) impugning an Arbitral Award dated 29.10.2018 (hereinafter ‘the impugned award’) delivered by the Arbitral Tribunal comprising of three members - Justice (Retd.) Shri R.C. Lahoti, Justice (Retd.) Shri D.P. Wadhwa, and Justice (Retd.) Shri S.C. Agrawal as the Presiding Arbitrator (hereinafter ‘the Arbitral Tribunal’).

2. The impugned award was delivered by the Arbitral Tribunal in respect of disputes that had arisen between the parties in connection with the Logistics Service Provider Sponsorship and Services Agreement dated 16.07.2010 (hereinafter ‘the Agreement’).

Factual Context

3. In 2009, the Organising Committee of Commonwealth Games, 2010 (hereinafter the ‘OC’) issued a Request for Proposal (hereinafter ‘RFP’) inviting bids for appointing a Logistics Service Provider for the OC and Queens Baton Relay on the terms and conditions stipulated therein.

4. Pursuant to the RFP, the respondent (hereinafter ‘Agility’) submitted its bid and was declared the successful bidder. Thereaft