PORTO EMPORIOS SHIPPING INC vs INDIAN OIL CORPORATION LIMITEDR & ANR.

Judgment text excerpt

$- * IN THE HIGH COURT OF DELHI AT NEW DELHI BEFORE HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV + CS (OS) 549/2021, I.A. 13976/2021, I.A. 15279/2021 and I.A.15281/2021 Between: - PORTO EMPORIOS SHIPPING INC., THROUGH ITS CONSTITUTED ATTORNEY MR. ANIL SHAMRAO JADHAV REGISTERED OFFICE: 80 BROAD STREET, MONROVIA, LIBERIA ....PLAINTIFF (Through: Mr. Sandeep Sethi, Sr. Advocate with Mr. Arvind Kumar Gupta, Mr.Aditya, Mr.Ajay, Mr. Omkar Pradhan and Mr. Arun Bhattacharya, Advocates.) AND 1. INDIAN OIL CORPORATION LIMITED, REGISTERED OFFICE: CORE-2, SCOPE COMPLEX 7, INSTITUTIONAL AREA, PRAGATI VIHAR, LOODHI ROAD, NEW DELHI, 110003 2. INDIAN COUNCIL OF ARBITRATION REGISTERED OFFICE: FEDERATION HOUSE, TANSEN MARG, NEW DELHI, 110001 ....DEFENDANTS (Through: Mr. Ashish Dholakia, Sr. Advocate with Mr. Tarang Gupta, Mr. Shrikant Hathi, Mr. Kartikeya Sharma, Mr. Pavitra Kaur, Ms. Meghna Tandon, Mr. Shiven Asthana, Advocates for D-1.) Signature Not Verified Signature Not Verified Signed By:DEEPAK Signed BISSYAN Signing Date:13.05.2025 By:PURUSHAINDRA 10:50:56 1 KUMAR KAURAV ------------------------------------------------------------------------------------ % Reserved on: 25.04.2025 Pronounced on: 09.05.2025 ----------------------------------------------------------------------------------- JUDGMENT I.A.15279/2021 (Under Section 8 of the Arbitration and Conciliation Act, 1996) The instant application has been filed under Section 8 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as „1996 Act‟), seeking to refer the parties to the already instituted arbitration. 2. Before delving into the intricate legal disputes, it is imperative to encapsulate the salient events that underpin this multifaceted controversy. The following sequence of events provides the essential