M/S TIRUPATI BUILDING AND OFFICE PVT LTD vs M/S CHAUHAN JEWELLERS PVT LTD

Judgment text excerpt

$~81 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 14.10.2025 % O.M.P. (COMM) 419/2025 & I.A. 25521/2025 M/S TIRUPATI BUILDING AND OFFICE PVT LTD .....Petitioner Through: versus M/S CHAUHAN JEWELLERS PVT LTD .....Respondent Through: Mr Gautam Swarup, Adv., Mr Ankur Das, Adv., Ms Sakshi Pandey, Adv., Mr Rudra Deoshthali, Adv. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH : JASMEET SINGH, J (ORAL) I.A. 25519/2025 Exemption is granted subject to all just exceptions. The application is disposed of. I.A. 25520/2025 Exemption is granted subject to all just exceptions. The application is disposed of. O.M.P. (COMM) 419/2025 1. This is a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (“1996 Act”) seeking to challenge the Arbitral Award dated 26.05.2025 passed by the Sole Arbitrator in DIAC/ 4513D/ 07- 22. titled as “Chauhan Jewellers Pvt. Ltd. v. Tirupati Buildings and Office Pvt Ltd.”. Digitally Signed O.M.P. (COMM) 419/2025 Page 1 of 11 By:MAYANK Signing Date:23.10.2025 17:27:01 2. The facts are that the petitioner is a builder company which goes by the name of Tirupati Buildings and Office Pvt. Ltd. The petitioner company is registered under the Companies Act, 1956. The petitioner is also the owner of "Pinnacle Mall., situated in Dwarka, New Delhi. 3. The respondent is a Company is registered under the Companies Act, 1956. The respondent company is engaged in the business of retail of jewellery. 4. The petitioner was the owner of free-hold commercial property, bearing shop no. 3, measuring 670 sq. yards, situated on the Ground Floor of Pinnacle Mall (previously known as Welcome Mall), Dwarka, New Delhi - 110075 (“property”) 5. The respondent purchased the said property from the petitioner, pursuant to which a builder-buyer agreement dat