$~45 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 13.03.2026 + O.M.P. (COMM) 103/2025, I.A. 5454/2025 (For Exemption) &

I.A. 5455/2025 (For Stay)

M/S SCL-CRC21B JV .....Petitioner Through: Dr. Amit George, Mr. Rishabh Dheer, Ms. Aishwarya Singh, Ms. Medhavi Bhatia, Mr. Sarthak Bhardwaj, Ms. Adhishwar Suri, Ms. Rupam Jha, Mr. Dushyant Kaul, Mr. Brighu Pamidighantam, Mr. Vaibhav Gandhi, Mr. Kartikey Puneesh and Mr. Prateek Srivastava, Advocates.

versus RAIL VIKAS NIGAM LIMITED .....Respondent Through: Mr. Jitendra Kumar Singh, Ms.

Shivpriya and Ms. Harshita Singh, Advocates.

CORAM:

HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL)

HARISH VAIDYANATHAN SHANKAR, J.

1. The present petition has been filed under Section 34 of the Arbitration and Conciliation Act, 1996, Act, seeking to set aside what has been termed as an “Interim Award” dated 26.11.2024.

2. The relevant portion of the impugned Interim Award, which is sought to be challenged, reads as follows:-

“ 14. The Arbitral Tribunal heard the arguments of both Claimants and the Respondents on 11.11.2024 (online) and 26.11.2024 (physical). The Tribunal decided on the objections raised in the Respondent Application