M/S SWASTIKA INDUSTRIES vs M/S NATIONAL RESEARCH DEVELOPMENT CORPORATION

$ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment Reserved on: 20.11.2025 Judgment pronounced on: 11.12.2025 Judgment uploaded on: As per digital signature~ + FAO (COMM) 219/2023 M/s. Swastika Industries Through its Sole Proprietor Shri Ram Kishore Gadia ..... Appellant Versus M/s. National Research Development Corporation ..... Respondent Advocates who appeared in this case For the Appellant : Mr. Rana S. Biswas, Mr. Yash Tripathi and Mr. Kartik, Advocates For the Respondent : Mr. Joydeep Sarma and Mr. Lalit Verma, Advocates CORAM: HON'BLE MR. JUSTICE V. KAMESWAR RAO HON'BLE MR. JUSTICE VINOD KUMAR JUDGMENT VINOD KUMAR, J. 1. This appeal has been filed under Section 37 of the Arbitration and Conciliation Act, 1996 (‘the Act’, hereinafter) with the following prayers: 2. For sake of convenience, the appellant would be referred to as ‘Swastika’ or ‘counter claimant’ and the respondent would also be referred to as ‘NRDC’ or ‘claimant’. 3. Vide impugned award dated 26.10.2013, the arbitrator partly allowed the claim of NRDC and rejected the counter claim of Swastika. Aggrieved by this award, Swastika filed objections under Section 34 of the Act before learned Additional District J