1. The present petition under Section 34 of the Arbitration &
Conciliation Act, 1996 (hereinafter referred to as ‘the Arbitration Act’) has
been filed by the Petitioner challenging the impugned arbitral award dated
24.10.2024, (hereinafter referred to as ‘the Impugned Award’) passed by the
learned Sole Arbitrator.
2. The facts leading to the filing of the present petition are as follows:
a. It is stated that the Petitioner, Shyama Prasad Mukherjee College
for Women, is an educational institution functioning under the
aegis of the University of Delhi and aided by UGC. The
Petitioner/College had, in or around the year 2010, resolved to
undertake construction of an additional academic block within its
premises and, for the said purpose, engaged Hindustan Prefab
Limited (Respondent No. 2), a public sector undertaking, as the
executing agency.