# THERMAX LTD vs RASHTRIYA CHEMICALS AND FERTILIZERS LIMITED RCF

Court: Bombay High Court
Date: 2025-12-09
Citation: IAL/23263/2023
Petitioner: THERMAX LTD
Respondent: RASHTRIYA CHEMICALS AND FERTILIZERS LIMITED RCF

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6Im9ja0hnb0gzRG81YjRNZ0MyL3VCSlE9PSIsInZhbHVlIjoiR3dEdUw5L0V6ajM0UTU2QkxKTHNrTkp4N3dLQ1NOb1QwNDNXK1FtMWdrNmpzSElYMCtWT0tkMXVmbWRaODZYUnl5OFJXWFh5TE9oQkkxMjBZNWYycHc9PSIsIm1hYyI6ImNkZWU3ZDAxMDE1MjQ3NDU3NzgzNzBiNDg2NDU1NzUxOTBkYjM2OThjNzMzYzY1NGNjZjZjNzU2YjJjOWRmMzkiLCJ0YWciOiIifQ==?expires=1782773251&signature=6820d864cee554efe7140dab414864d51e92145aa5c093cdfce4ad4020a7834a)

## Judgment text (excerpt)

RJ-CARBP 394.2023 with IAL-23263-23.doc Kavita S.J. & Sharayu Khot IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO.394 OF 2023 Thermax Limited …Petitioner Versus Rashtriya Chemicals & Fertilizers Ltd., …Respondent WITH INTERIM APPLICATION (L) NO. 23263 OF 2023 IN COMMERCIAL ARBITRATION PETITION NO.394 OF 2023 ---------- Mr. Janak Dwarkadas, Senior Counsel a/w Mr. Mustafa Doctor, Senior Counsel a/w Mr. Aditya Thakkar, Mr. R. Sudhinder, Mr. Ranjit Shetty, Mr. Rahul Dev & Ms. Monika Vyas i/b Argus Partner for the Petitioner. Mr. Shyam Mehta, Senior Counsel a/w Mr. Aditya Bapat, Mr. Mac. C. Bodhanwala, Mr. Sheraj M. Bodhanwalla, Ms. Sayali Puri, Mr. Akash Singh and Mr. Shreyas Thakur i/b M.S. Bodhanwala & Co., for the Respondent. ---------- SHARAYU PANDURANG KHOT CORAM : R.I. CHAGLA, J. 2025. KHOT Date: 2025.12.09 17:53:03 +0530 PRONOUNCED ON : 9th DECEMBER 2025. 1 RJ-CARBP 394.2023 with IAL-23263-23.doc JUDGMENT: 1. By this Commercial Arbitration Petition, the Petitioner has challenged the Award dated 5 th June, 2023 (“the said/subject Award”) passed by the learned Sole Arbitrator, under Section 34 of the Arbitration & 

https://niyam.ai/judgements/high-court/2025/december/thermax-ltd-vs-rashtriya-chemicals-and-fertilizers-limited-rcf-bombay-2