JUDGMENT

(Judgment of the Court was made by MUMMINENI SUDHEER KUMAR, J.)

The present appeal has been filed under Section 37 of the Arbitration and Conciliation Act , 1996 (hereinafter referred to as ‘the Act, 1996’), aggrieved by an order dated 02.08.2021 passed in O.P.No.41 of 2018, filed under Section 34 of the Act, 1996, by a learned Single Judge of this court.

2. For better appreciation, the few facts, which are relevant and undisputed are noted hereunder.

2.1. The State Industrial Promotion Corporation of Tamil Nadu Limited (hereinafter referred to as the 'SIPCOT') developed an Information Technology Park at Siruseri for the promotion and development of industries. One company by name M/s.DATS (India) Limited (hereinafter referred to as the ‘DATS’) has applied for the allotment of a plot for their industrial unit in the said IT park. By an Allotment order dated 05.03.2004, Plot Nos.A-23, A- 24, A-25, A-34 and A-35, totally admeasuring 4.57 acres, was allotted in favour of the DATS, subject to various terms and conditions, and the