RAMAKRISHNA TELETRONICS PVT LTD vs TOP VICTORY INVESTMENTS LTD

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment Reserved on: 28.11.2025 Judgment delivered on: 12.12.2025 Judgment uploaded on: As per Digital Signature~ + FAO(OS) (COMM) 230/2019 & CM APPL. 41959/2019 RAMAKRISHNA TELETRONICS PVT LTD .....Appellant versus TOP VICTORY INVESTMENTS LTD .....Respondent Advocates who appeared in this case For the Appellant : Mr. B.S. Arora, Adv. For the Respondent : Mr. Neeraj Grover, Ms. Kavita Sarin and Mr. Prem Prakash Kanwer, Advs. CORAM: HON'BLE MR. JUSTICE V. KAMESWAR RAO HON'BLE MR. JUSTICE VINOD KUMAR JUDGMENT V. KAMESWAR RAO, J. 1. This appeal under Section 37 of the Arbitration and Conciliation Act, 1996 (the Act) read with Section 13(1) of the Commercial Courts Act, 2015 lays a challenge to an order dated 09.08.2019 passed by a learned Single Judge of this Court in OMP COMM 287/2017 dismissing the petition under Signature Not Verified Signed By:PRADEEP FAO(OS) (COMM) 230/2019 Page 1 of 13 SHARMA Signing Date:12.12.2025 18:00:09 Section 34 of the Act filed by the appellant herein. The petition before the Learned Single Judge challenged the arbitral award dated 16.06.2017 passed by the Sole Arbitrator, adjudicating the disputes that have arisen between the parties in relation to three separate distribution agreements dated 05.09.2012 executed between the appellant and the respondent, whereby the appellant who was appointed as authorized non exclusive distributor for the distribution and sales promotion of AOC branded TVs/products in Andhra Pradesh, Karnataka and Tamil Nadu by the respondent. 2. It is the case of the appellant that on account of adverse market response and on the request of the respondent, it issued a communication to all retailers/vendors informing that unsold stocks be returned on outstanding payments made dir