AIRPORTS AUTHORITY OF INDIA vs DELHI INTERNATIONAL AIRPORT LIMITED & ANR.

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI RESERVED ON – 23.01.2025 % PRONOUNCED ON –07.03.2025 + O.M.P. (COMM) 186/2024 AIRPORTS AUTHORITY OF INDIA .....Petitioner Through: Mr. Tushar Mehta, Learned SGI with Mr. Raghavendra P Shankar, learned ASG with Mr. Karan Lahiri, Mr. Prateek Arora, Mr. Neelabh Bist, Ms. Rishieka Ray, Ms. Pallavi Misra, Advocates versus DELHI INTERNATIONAL AIRPORT LIMITED & ANR. .....Respondents Through: Mr. Parag Tripathi, Mr. Raj Shekhar Rao, Sr. Advs. with Mr. Rishi Agarwala, Mr. Apoorv P. Tripathi, Mr. Dheeresh Kumar Dwivedi, Mr. Manu Krishnan, Mr. Daksh Arora, Mr. Nikhil, Advocates for DIAL. CORAM: HON'BLE MR. JUSTICE DINESH KUMAR SHARMA JUDGMENT S. No Particulars Page Nos. A. Preface 2 B. Factual Matrix 3-17 C. Submissions on behalf of 17-32 Petitioner D. Submissions on behalf of the 32-44 DIAL E. Finding and Analysis 45-86 O.M.P. (COMM) 186/2024 1. The present petition has been filed under Section 34 of the Arbitration and Conciliation Act, 1996, (hereinafter referred to as ‗Act‘) challenging the impugned arbitral award dated 21.12.2023 as corrected under Section 33 of the Act vide order dated 16.01.2024. 2. Airports Authority of India (hereinafter r