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1. This is a petition filed under section 34 of the Arbitration and
Conciliation Act, 1996 (“1996 Act”) seeking setting aside of the
Arbitral Award dated 18.06.2010 wherein the claims of the respondent
were allowed to the tune of Rs. 34,71,073 less Rs. 1,20,000/- as
penalty, along with 9% interest per annum.
Digitally Signed O.M.P. 717/2010 Page 1 of 23
By:DEEPANSHU MALASI
Signing Date:13.08.2025
15:16:58
FACTUAL BACKGROUND
2. The petitioner is a public sector undertaking of Government of N.C.T.
of Delhi and a company duly registered under the provisions of
Companies Act, is engaged in the business of power generation and
distribution. The respondent is a company duly registered under the
provisions of the Companies Act, 1956 and is engaged in the business
of supply of spares and maintenance of power equipments.
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