SHRI BRAJENDRA KHANDELWAL vs M/S RAJENDRA IRON MART & ORS.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 10.11.2025 Pronounced on: 22.12.2025 + FAO(OS) (COMM) 194/2022 & CM APPL. 32863/2022, CM APPL. 22098/2025 SHRI BRAJENDRA KHANDELWAL .....Appellant Through: Mr.S. S. Sastry, Mr.Rahul Kumar and Mr.Abhishek Anand, Advs. versus M/S RAJENDRA IRON MART & ORS. .....Respondents Through: Mr.Pawanjit S. Bindra, Sr. Adv. with Mr.Vinayak Marwah, Adv. CORAM: HON'BLE MR. JUSTICE NAVIN CHAWLA HON'BLE MS. JUSTICE MADHU JAIN JUDGMENT NAVIN CHAWLA, J. 1. This appeal has been filed challenging the Judgment and Order dated 20.05.2022 (hereinafter referred to as the „Impugned Order‟) passed by the learned Single Judge of this Court in O.M.P. (COMM) 135/2019, titled M/s Rajendra Iron Mart & Anr. v. Shri Brajendra Khandelwal & Ors., whereby, the learned Single Judge was pleased to allow the application filed under the Section 34 of the Arbitration and Conciliation Act, 1996 (in short, „A&C Act‟) by the respondent nos. 1 and 2 herein, and set aside the Arbitral Award dated 31.01.2019 (in short, „Award‟). Signature Not Verified Digitally Signed By:REYMON VASHIST Signing Date:22.12.2025 FAO(OS) (COMM) 194/2022 Page 1 of 26 18:04:59 Brief Facts: 2. It is the case of the appellant that a Partnership Firm was being run by respondent no.2 along with three other partners, Sh. Suresh Chand Khandelwal, Sh. Rajender Prasad Khandelwal, and Mr Lalit Kumar Mathur, in terms of the Partnership Deed dated 02.06.1981. Sh. Suresh Chand Khandelwal expired on 01.08.1992, Sh. Rajender Prasad Khandelwal expired on 08.10.2001, and Sh. Lalit Kumar Mathur expired on 25.04.2004. Thereafter, a Partnership Firm was constituted vide a Partnership Deed dated 15.01.2008 (hereinafter the „Partnership Deed‟) by four partners inter alia consisting of the respondent nos. 2