FAO(OS) (COMM) 50/2016 Page 1 of 9

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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FAO(OS) (COMM) 50/2016, CM Nos.25219-25220/2016

METAL CLOSURES PVT LTD & ORS

..... Appellants

Through:

Mr. Dayan Krishnan, Sr. Adv. with

Mrs. Pritha Srikumar Iyer, Mr.

Sulabh Rewari, Advs.

versus

RELIGARE FINVEST LIMITED & ANR ..... Respondents

Through:

Mr. Sanjay Poddar, Sr. Adv. with

Mr. Ajay Uppal, Adv.

CORAM:

HON'BLE MS. JUSTICE INDIRA BANERJEE

HON'BLE MR. JUSTICE V. KAMESWAR RAO

JUDGMENT

INDIRA BANERJEE, J. (ORAL)

1.

This appeal is against judgment and order dated 17.05.2016, passed

by the learned Single Judge, dismissing the application being OMP

(Comm.) No.112/2016 filed by the appellants under Section 34 of the

Arbitration and Conciliation Act, 1996 (hereinafter referred to ‘1996

Act’) for setting aside an arbitral award dated 17^th September, 2014

passed by the sole Arbitrator Mr.Lalit Kumar, in Arbitration Case

No.RFL/Mortgage/LRN/L-4/748 between the appellants and the

respondent.

2. Religare Finvest Limited (hereinafter referred to as ‘RFL’), a