BLACK GOLD RESOURCES PRIVATE, LIMITADA vs INTERNATIONAL COAL VENTURES PVT. LTD. & ANR.

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 19.09.2025 Judgment pronounced on: 17.12.2025 + O.M.P. (I) (COMM) 78/2025, I.A. 6098/2025, I.A. 6099/2025, I.A. 7017/2025, I.A. 8914/2025, I.A. 12236/2025 BLACK GOLD RESOUCES PRIVATE LIMITADA ……Petitioner Through:Mr. Rajiv Nayar, Sr. Adv. with Mr. Saurav Agrawal, Mr. Mayank Jain, Mr. Madhur Jain, Mr. Saurabh Seth, Mr. Arpit Goel, Mr. Deepak Jain, Ms. Allaka M, Mr. Raghav Thareja, Ms. Raadhika Chawla, Mr. Mehak Joshi, and Mr. Abhiroop Rathore Advs. versus INTERNATIONAL COAL VENTURES PVT. LTD. & ANR. ……Respondents Through: Mr. Shaiwal Srivastava, Adv. for R2 CORAM: HON'BLE MR. JUSTICE JASMEET SINGH JUDGMENT 1. This is a petition filed under Section 9 of the Arbitration and Conciliation Act, 1996 (“1996 Act”) seeking the following reliefs against the respondents:- 2. The petitioner i.e., Black Gold Resources Private, Limitada, a special purpose vehicle, was incorporated for undertaking coal mining operations at Benga Coal Mine in Mozambique. 3. ⁠The respondent No. 1 i.e., International Coal Ventures Private Limited, has been promoted as a Special Purpose Vehicle by Steel Authority of India Limited (SAIL), Rashtriya Is