M S ISC PROJECTS PRIVATE LIMITED vs STEEL AUTHORITY OF INDIA LIMITED

$~J-1 * IN THE HIGH COURT OF DELHI AT NEW DELHI Decided on: 21.02.2025. + O.M.P. (COMM) 370/2021, I.A. 17061/2021 & I.A. 9346/2022 M/S ISC PROJECTS PRIVATE LIMITED .....Petitioner Through: Mr. Dayan Krishnan, Sr. Advocate with Mr. Rishi Agrawala, Ms. Aarushi Tiku, Mr. Vikram Choudhary, Mr. Naman Agarwal, Mr. Nilay Gupta, Mr. Sukrit Seth, Advocates. versus STEEL AUTHORITY OF INDIA LIMITED .....Respondent Through: Mr. Jayant Mehta, Sr. Advocate with Ms. Priyanka Goswami, Ms. Anusuya Sadhu Sinha, Mr. Tavdeep Singh, Mr. Archit A., Advocates. CORAM: HON’BLE MR. JUSTICE PRATEEK JALAN JUDGMENT 1. The present petition, under Section 34 of the Arbitration and Conciliation Act, 1996 [“the Act”], arises out of an arbitral award dated 12.03.2020, passed by a three-member arbitral tribunal. The arbitral tribunal has adjudicated disputes between the parties under a contract agreement dated 18.08.2010, for railway track work for an internal yard at the respondent’s Bhilai Steel Plant. 2. By this judgment, I propose to dispose of the first objection raised on behalf of the petitioner, which is that the award is liable to be set aside as it is signed by only two of the three arbitrators, without an