SHAKTI PUMP INDIA LTD vs APEX BUILDSYS LTD

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 19th MARCH, 2025 IN THE MATTER OF: + O.M.P. (T) (COMM.) 107/2024 & I.A. 42034/2024 SHAKTI PUMP INDIA LTD .....Petitioner Through: Mr. Vasanth Rajasekaran and Mr. Harshvardhan Korada, Advocates. versus APEX BUILDSYS LTD .....Respondent Through: Mr. Sohel Sehgal, Mr. Rakesh Kumar, Mr. Ramesh Babu and Mr. Jainendra Maldhir, Advocates. + O.M.P. (T) (COMM.) 134/2024 & I.A. 44869/2024 VADERA INTERIORS AND EXTERIORS .....Petitioner Through: Mr. Mritunjay Kumar Singh, Mr. Rajiv Vijay Mishra, Mr. Rajeev Kumar Gupta, Mr. Prakash Kashyap & Mr. Shaikat Khatua, Advocates. versus APEX BUILDSYS LTD. .....Respondent Through: Mr. Sohel Sehgal, Mr. Rakesh Kumar, Mr. Ramesh Babu and Mr. Jainendra Maldhir, Advocates. CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD JUDGMENT 1. The Petitioners have approached this Court under Section 14(1)(a) read with Section 14(2) & 15(2) of the Arbitration & Conciliation Act, 1996 Signature Not Verified Digitally Signed O.M.P. (T) (COMM.) 107/2024 Page 1 of 20 By:RAHUL SINGH Signing Date:20.03.2025 19:20:38 (hereinafter referred to as the Arbitration Act) seeking termination of the mandate of the learned Sole Arbitrator and for appointment of a substitute Arbitrator. 2. Shorn of unnecessary details, the facts leading to the filing of O.M.P. (T) (COMM.) 107/2024 & I.A. 42034/2024 are as follows:- i. The Petitioner is a public limited company that is engaged in the manufacturing of energy efficient pumps and motors. The Respondent is primarily engaged in the business of construction, real estate development, manufacture and supply of pre- engineering steel buildings etc. ii. It is stated that the Petitioner and Respondent entered into a Works Contract for Construction of PEB Project vide Letter of In