TECHNOLOGY INFORMATION FORECASTING AND ASSESSMENT COUNCIL (TIFAC) vs STRATEGIC ENGINEERING PVT. LTD. & ANR.

Judgment text excerpt

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 17.09.2025 Judgment pronounced on: 20 .12.2025 + O.M.P. (COMM) 548/2020, I.A. 10810/2020 TECHNOLOGY INFORMATION FORECASTING AND ASSESSMENT COUNCIL (TIFAC) .....Petitioner Through: Mr. D. Bhattacharya, Adv. versus STRATEGIC ENGINEERING PVT. LTD. & ANR ....Respondents Through: Mr. A. K. Thakur, Mr. Rishi Raj, Mr. Sujeet Kumar and Mr. Ningthem Oinam Advocates + O.M.P. (COMM) 128/2021, I.A. 4117/2021 STRATEGIC ENGINEERING PVT.LTD. .....Petitioner Through: Mr. A. K. Thakur, Mr. Rishi Raj, Mr. Sujeet Kumar and Mr. Ningthem Oinam Advocates versus TECHNOLOGY INFORMATION, FORECASTING AND ASSESSMENT COUNCIL (TIFAC) .....Respondent Through: Mr. D. Bhattacharya, Adv. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH Digitally Signed By:MAYANK Signing Date:20.12.2025 O.M.P. (COMM) 548/2020& O.M.P. (COMM) 128/2021 Page 1 of 38 13:47:06 JUDGMENT 1. These are cross petitions filed under Section 34 of the Arbitration and Conciliation Act, 1996 (“1996 Act”) seeking to set aside the Arbitral Award dated 14.12.2019 passed in the matter of “Technology Information, Forecasting and Assessment Council v. M/s Strategic Engineering P. Ltd.” wherein some claims of both contesting parties were allowed and some claims were disallowed. Both the parties have filed their respective petition to challenge the said Award. FACTUAL BACKGROUND 2. Technology Information Forecasting and Assessment Council (“TIFAC”), claimant before the Arbitrator, is a registered society under the administrative control of the Department of Science & Technology, Ministry of Science & Technology, Government of India. 3. M/s Strategic Engineering Pvt. Ltd. (“SEPL”), respondent before the Arbitrator, is a company involved in the business of manufacture and trade of engin