NATIONAL BUILDING CONSTRUCTION CORPORATION vs M/S SHARMA ENTERPRISES

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 07.08.2025 Judgment pronounced on: 19 .11.2025 + O.M.P. (COMM) 215/2022 NATIONAL BUILDING CONSTRUCTION CORPORATION ...Petitioner Through: Mr. Jay Savla. Sr. Adv. with Ms. Shilpi Chowdhary, Advs. versus M/S SHARMA ENTERPRISES ...Respondent Through: Ms. Anusuya Salwan, Ms. Alka Dwivedi, Mr. Bankim Garg, Mr. Rachit Wadhwa, Advs. + O.M.P. (ENF) (COMM) 50/2022 M/S SHARMA ENTERPRISES ...Decree Holder Through: Ms. Anusuya Salwan, Ms. Alka Dwivedi, Mr. Bankim Garg, Mr. Rachit Wadhwa, Advs. versus NATIONAL BUILDING CONSTRUCTION CORPORATION …Judgement Debtor Through: Mr. Jay Savla. Sr. Adv. with Ms. Shilpi Chowdhary, Advs. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH 1. This is a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (“1996 Act”) seeking to set aside the Arbitral Award dated 28.07.2016 passed by the learned Arbitrator in the matter of “M/s. Sharma Enterprises v. National Building Construction Corporation.‖ FACTUAL BACKGROUND 2. The petitioner, (respondent in the Arbitration Proceedings) was awarded works by the Indian Railway Construction Company Limited (“IRCON”). 3. Thereafter the petiti