ECGC LIMITED vs BACO METALLIC INDUSTRIES

CARBPL.2.2025.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMM. ARBITRATION PETITION NO. 2 OF 2025 ALONG WITH INTERIM APPLICATION (L) NO. 17316 OF 2023 IN COMM. ARBITRATION PETITION NO. 2 OF 2025 ECGC Limited ...Petitioner Versus Baco Metallic Industries ...Respondent Mr. Nirman Sharma a/w Mr. Roop Basu and Ms. Heenal Wadhwa i/b The Law Point for the Petitioner. Mr. Ankit Lohia a/w Mr. Udit Gupta and Mr. Harsh Kesharia for the Respondent. CORAM : SOMASEKHAR SUNDARESAN, J. RESERVED ON : MARCH 5, 2025. PRONOUNCED ON : OCTOBER 15, 2025. JUDGEMENT: Context and Factual Background: 1. This Petition is a challenge mounted under Section 34 of the Arbitration and Conciliation Act, 1996 (“ the Act”) challenging an arbitral award dated March 28, 2023 (“Impugned Award”) on the premise that the findings in the Impugned Award are contrary to the Digitally terms of the contract; contrary to the fundamental principles of signed by AARTI AARTI GAJANAN GAJANAN PALKAR PALKAR Date: 2025.10.15 evidence; and contrary to fundamental principles of insurance law. 12:21:16 +0530 OCTOBER 15, 2025 Aarti Palkar CARBPL.2.2025.doc 2. The Petitioner, ECGC Ltd. (“ECGC”) issue