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2024 Supreme(Online)(DEL) 31458

HIGH COURT OF DELHI
DINESH KUMAR SHARMA, J
RELIANCE COMMERCIAL FINANCE LIMITED – Appellant
Versus
TARAASHNA FINANCIAL SERVICES LIMITED – Respondent


Advocates:
Mr. Jayant Mehta, Sr. Adv. with Mr. Aditya Panda, Mr. Akshay Sinha, Advs.; Mr. Manik Dogra, Mr. Viral Mehta, Mr. Shahezad Kazi, Ms. Ishita Mathur, Mr. Dhruv Pande, Advs.

JUDGMENT

DINESH KUMAR SHARMA,J :

A. BRIEF FACTS

1. The present petition has been filed under Section 34 of the Arbitration and Conciliation Act “A&C Act” challenging an arbitral award dated 17.01.2023 (“the Impugned Award”) passed by the learned Arbitrator.

2. Initially, the petitioner’s case was that the impugned award was received from the learned Arbitrator on 05.02.2023, However, subsequently the petitioner stated that the Award was received on 06.02.2023 along with the petition applications for condonation of delay was filed bearing I.A. 14020/2023 & I.A. 14022/2023 in O.M.P. (COMM) 276/2023 stating therein that the period of 03 months from 05.02.2023,the limitation for filing the petition expired on 06.05.2023 taking into account the period of 03 months as provided in the law. However, it has been submitted that there is a minor delay of 30 days on the part of petitioner in filing the arbitration petition. The petitioner stated that the relief sought in the arbitration proceedings pertains to a transaction that commenced in the year 2015 and the events that transpired subsequent thereto. It has been submitted that the documents and events referred to in the arbitration therefore

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