BWL LIMITED. (FORMERLY KNOWN AS BHILAI WIRES LTD.) vs BHARAT SANCHAR NIGAM LIMITED

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment Reserved on: 4th November, 2025 Judgment pronounced on: 19th November, 2025 + OMP (ENF.) (COMM.) 247/2023 BWL LIMITED. (FORMERLY KNOWN AS BHILAI WIRES LTD.) .....Decree Holder Through: Ms. Monisha Handa and Mr. Arnav Chaudhary, Advocates versus BHARAT SANCHAR NIGAM LIMITED .....Judgement Debtor Through: Ms. Leena Tuteja and Ms. Ishita Kadyan, Advocates. CORAM: HON’BLE MR. JUSTICE AMIT BANSAL JUDGMENT AMIT BANSAL, J. 1. The present petition has been filed seeking execution of the Award dated 26th September 2000 (hereinafter ‘Award’), as modified by the Division Bench of the High Court of Calcutta (hereinafter ‘Division Bench’) and further modified by the Supreme Court. 2. The Award was passed in favour of the decree holder directing the judgment debtor to pay a sum of Rs. 6,07,56,342/- to the decree holder, which included interest at the rate of 18.5% per annum compounded on quarterly rests. 3. The Award was set aside by a Single Judge of the High Court of Calcutta (hereinafter ‘Single Judge’) vide order dated 15th October, 2004 in a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 Signature Not Verified Digitally Signed OMP (ENF.) (COMM.) 247/2023 Page 1 of 8 By:VIVEK MISHRA Signing Date:19.11.2025 17:22:36 (hereinafter ‘Act’). 4. The decree holder filed an appeal against the aforesaid order under Section 37 of the Act, being APO No. 26/2005, which was partly allowed by the Division Bench. The Award was thus upheld though modified by the Division Bench. 5. Both the judgment debtor as well as the decree holder filed Special Leave Petitions (SLPs) against the judgment of the Division Bench before the Supreme Court. The Supreme Court, vide a common order dated 12th April 2023, dismissed the a