NTPC LIMITED vs JINDAL ITF LIMITED & ANR.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI RESERVED ON –07.11.2024 % PRONOUNCED ON –30.01.2025 + O.M.P. (COMM) 204/2019, I.A. 7309/2019, I.A. 2114/2020, I.A. 5073/2021, I.A. 14531/2023, I.A. 42226/2024 NTPC LIMITED .....Petitioner Through: Mr. Tushar Mehta, Solicitor General of India with Ms. Bani Dikshit, Mr. Samir Malik,Mr. Varun Kalra,Mr. Krishan Kumar, Advs. versus JINDAL ITF LIMITED & ANR. .....Respondents Through: Mr. Ravi Shankar Prasad, Sr. Adv. with Mr. Nilava Bandyopadhyay ,Mr. Rajdutt Sekhar Singh,Mr. Yash Mittal, Advs. With Mr. Amit Kumar, AR. + OMP (ENF.) (COMM.) 88/2019, I.A. 7312/2019 JINDAL ITF LTD. .....Decree Holder Through: Mr. Ravi Shankar Prasad, Sr. Adv. with Mr. Nilava Bandyopadhyay ,Mr. Rajdutt Sekhar Singh,Mr. Yash Mittal, Advs. With Mr. Amit Kumar, AR. versus NTPC LIMITED .....Judgement Debtor Through: Mr. Tushar Mehta, Solicitor General of India with Ms. Bani Dikshit, Mr. Samir Malik,Mr. Varun Kalra,Mr. Krishan Kumar, Advs. O.M.P. (COMM) 204/2019 & OMP (ENF.) (COMM.) 88/2019 Page 1 of 102 Signature Not Verified Signature Not Verified Signed By:PALLAVI VERMA Signed By:DINESH KUMAR SHARMA Signing Date:01.02.2025 18:34:59 Signing Date:01.02.2025 18:33:34 CORAM: HON'BLE MR. JUSTICE DINESH KUMAR SHARMA INDEX S. No Particulars Para Nos. A. Factual Matrix 2 – 16 B. Submissions of Petitioner 17 – 49 C. Submissions of Respondent 50 – 104 D. Finding and Analysis 105 – 163 JUDGMENT DINESH KUMAR SHARMA,J: 1. The present petition has been filed under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as „the A&C Act‟) for setting aside an arbitral award passed by the learned Arbitral Tribunal dated 27.01.2019. A. FACTUAL MATRIX 2. The Petitioner herein, i.e., NTPC, is a Government of India enterprise/company that generates pow