UNISON HOTELS PVT LTD vs KNM CHEMICALS PVT LTD

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on : 13.02.2025 Pronounced on : 20.02.2025 + O.M.P. (COMM) 53/2025, I.A. 2636/2025, I.A. 2637/2025 UNISON HOTELS PVT LTD .....Petitioner Through: Mr.Anil K. Airi, Sr. Advocate with Mr.Gaurav Bahl, Mr.Mudit Ruhella, Mr.Vishal, Ms.Sadhna and Ms.Bindiya, Advocates. versus KNM CHEMICALS PVT LTD .....Respondent Through: Counsel for respondent (presence not given) CORAM: HON'BLE MR. JUSTICE MANOJ KUMAR OHRI JUDGMENT 1. By way of present petition filed under Section 34 of the Arbitration & Conciliation Act, 1996 (hereafter referred to as ‘A&C Act’), the petitioner seeks to set aside the impugned award dated 20.11.2024 passed by the learned Arbitral Tribunal (hereafter referred to as ‘AT’). 2. Vide the impugned award, the AT allowed the respondent’s/claimant’s claims to the following extent: (i) Award amount of Rs.40,70,271.17/- (Rs.17,06,492/- + Rs.23,63,779.17/-) towards services rendered including interest, plus (ii) future interest on the award amount of Rs.40,70,271.17/- as per same interest rate as awarded above in accordance with provisions of Sec. 3. The facts, in a nutshell, are that the petitioner claims to be running a Five-St