M/S ZHEJIANG BONLY ELEVATOR GUIDE RAIL MANUFACTURE CO. LTD. vs M/S JADE ELEVATOR COMPONENTS & ORS.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 03rd MARCH, 2025 IN THE MATTER OF: + O.M.P.(I) (COMM.) 429/2024, I.A. 2498/2025, I.A. 2499/2025 M/S ZHEJIANG BONLY ELEVATOR GUIDE RAIL MANUFACTURE CO. LTD. .....Petitioner Through: Mr. Mudit Sharma, Ms. Nandini Sharma and Mr. Abhishek Rathi, Advocates. versus M/S JADE ELEVATOR COMPONENTS & ORS. .....Respondents Through: Mr. Dayan Krishnan, Sr. Advocate with Mr. Arunan Patnaik, Ms. Bhabna Das, Ms. Aanchal Tikmani, Mr. Nirbhay Nanda, Mr. Vishnu Kant, Advocates CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD JUDGMENT (ORAL) 1. This is a Petition under Section 9 of the Arbitration and Conciliation Act, 1996, post passing of the arbitral award dated 10.11.2024 by which the Petitioner has been awarded USD 10,28,727.90 along with interest @ 11 p.a. from the due date of payment till the date of award and further interest @ 9% p.a. from the date of the award till realization of the amount in terms of the award. 2. Notice in the present Petition was issued on 20.12.2024. The Respondents have filed a Petition under Section 34 of the Arbitration and Conciliation Act, 1996, before the High Court of Gujarat at Ahemdabad challenging the awar