Brief facts:

2. It is the case of the appellant that the appellant, vide acceptance letter dated 17.05.2012, was awarded parking rights at Netaji Subhash Place for a period of three years from 01.06.2012 to 30.06.2015 at a monthly license fee of Rs.2,73,300/- for a total super area measuring 4555.51 Sq. Mtrs. Subsequently, the parking area was reduced and area measuring 2871.79 Sq. Mtrs. was taken over from the appellant for construction by the respondent. Accordingly, license fee was reduced proportionately in accordance with terms and conditions of License Agreement.

3. It is averred that certain disputes arose between the parties and the respondent herein invoked arbitration and filed a claim petition against the appellant herein. The Arbitral Tribunal pronounced the ex-parte Award dated 01.11.2019 (hereinafter referred to as the ‘Award’), granting Rs.11,70,826/- along with interest in favour of respondent herein. It is the admitted fact that the appellant received the signed copy of the Award on 06.12.2019.

4. It is the case of the appellant that it had filed objections against the Award under Section 34 of the A&C Act before the learned District Judge, (Commercial Court), North-