UNITED INDIA INSURANCE CO LTD vs M/S VALLEY IRON AND STEEL CO LTD.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on : 17th November 2025 Pronounced on : 24th December 2025 Uploaded on : 24th December 2025. + FAO(OS) (COMM) 165/2025, CM APPL. 65238/2025 & CM APPL. 71674/2025 UNITED INDIA INSURANCE CO. LTD., Division Office-18, A-11, 1st Floor, Sector 19, Noida-201301, Through Regional Manager, Regional Office-11, Scope Minar Core-1, 2nd Floor, Laxmi Nagar District Centre, Delhi-110091 .....Appellant Through: Ms. Ananya De and Ms. Chandni Sharma, Advs. versus M/S VALLEY IRON & STEEL CO. LTD., Exchange Store Building, Shamnath Marg, Civil Lines, Delhi-11 0054 .....Respondent Through: Mr. S.D. Singh, Mr. Kamla Prasad, Ms. Meenu Singh and Mr. Siddharth Singh, Advs CORAM: HON'BLE MR. JUSTICE NITIN WASUDEO SAMBRE HON'BLE MR. JUSTICE ANISH DAYAL JUDGMENT ANISH DAYAL, J. 1. This appeal has been filed by appellant under Section 37 of the Arbitration and Conciliation Act, 1996 [‘A&C Act’] assailing the Signature Not Verified Digitally Signed By:MANISH KUMAR Signing Date:24.12.2025 FAO(OS) (COMM) 165/2025 Page 1 /40 12:24:05 impugned judgment dated 18th September 2025 passed by the Single Judge of this Court in OMP (COMM.) No.194/2022, dismissing the objections filed by the appellant under Section 34 of A&C Act that sought setting aside of the arbitral award dated 28th July 2021 and order dated 28th August 2021 passed by the Arbitral Tribunal [‘AT’]. Factual Background 2. Appellant is a Government of India undertaking and is the insurer of the policy in question. Respondent, the insured, is company incorporated in India engaged in business of manufacturing stainless steel, billets, flats, HR and CR coils, bright bars, pipes and allied products, with its factory in Paonta Sahib, District Sirmour, Himachal Pradesh. 3. The policy in question i