BHARAT FORGE LIMITED vs TARSEM JAIN & ANR.

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 21.02.2025 Judgment pronounced on: 26.05.2025 + O.M.P. (COMM) 378/2019, I.A. 12705/2019, I.A. 845/2023 BHARAT FORGE LIMITED .....Petitioner Through: Mr. Nakul Dewan, Sr. Adv. with Mr. Parag Khandhar, Mr. Krishan Kumar, Mr. Satender Saharan, Advs. versus TARSEM JAIN & ANR. .....Respondents Through: Mr. Ramesh Singh, Sr. Adv. with Mr. Rahul Gupta, Ms. Nanya, Advs. + O.M.P. (COMM) 382/2019, I.A. 12939/2019, I.A. 769/2023 BF INFRASTRUCTURE LIMITED .....Petitioner Through: Mr. Nakul Dewan, Sr. Adv. with Mr. Parag Khandhar, Mr. Krishan Kumar, Mr. Satender Saharan, Advs. versus TARSEM JAIN & ANR. .....Respondents Through: Mr. Ramesh Singh, Sr. Adv. with Mr. Rahul Gupta, Ms. Nanya, Advs. + OMP (ENF.) (COMM.) 47/2024, EX.APPL.(OS) 299/2024 TARSEM JAIN .....Decree Holder Through: Mr. Ramesh Singh, Sr. Adv. with Mr. Rahul Gupta, Ms. Nanya, Advs. versus BF INFRASTRUCTURE LIMITED & ANR. ......Judgement Debtors Through: Mr. Nakul Dewan, Sr. Adv. with Mr. Parag Khandhar, Mr. Krishan Kumar, Mr. Satender Saharan, Advs. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH Digitally Signed O.M.P. (COMM) 378/2019 & Conn. Matters Page 1 of 48 By:DEEPANSHU MALASI Signing Date:26.05.2025 19:50:04 JUDGMENT : JASMEET SINGH, J 1. The present petitions are filed under Section 34 of the Arbitration & Conciliation Act, 1996 hereinafter referred to as (hereinafter referred to as “the 1996 Act”) by the petitioners - Bharat Forge Limited in O.M.P (COMM.) 378/2019 as well as by BF Infrastructure Limited in O.M.P (COMM.) 382/2019 challenging the arbitral award dated 10.05.2019 (hereinafter referred to as “Impugned Award”) and for setting aside order dated 16.12.2015. 2. The third petition is the enforcement petition filed by the award holder i.e. Mr