STEEL AUTHORITY OF INDIA LIMITED vs BRITISH MARINE PLC

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 13th October, 2025 + O.M.P. (COMM) 20/2023 and I.A. 1116/2023 STEEL AUTHORITY OF INDIA LIMITED .....Petitioner Through: Mr. Rajshekhar Rao, Senior Advocate with Mr. Sidhartha Sharma, Mr. Arjun Asthana, Mr. Yashraj Samant, Mr. Ajay Sabharwal, Ms. Shalini Basu and Mr. Nachiket Chawla, Advocates. versus BRITISH MARINE PLC .....Respondent Through: Mr. Ramesh Singh, Senior Advocate with Mr. Sumit K. Batra, Mr. Anupam Dhige, Mr. Manish Khurana, Ms. Hage Nanya and Ms. Priyanka Jindal, Advocates. + OMP (ENF.) (COMM.) 50/2023 and EX.APPL.(OS) 1790/2024 BRITISH MARINE PLC .....Decree Holder Through: Mr. Ramesh Singh, Senior Advocate with Mr. Sumit K. Batra, Mr. Anupam Dhige, Mr. Manish Khurana, Ms. Hage Nanya and Ms. Priyanka Jindal, Advocates. versus STEEL AUTHORITY OF INDIA LTD .....Judgement Debtor Through: Mr. Rajshekhar Rao, Senior Advocate with Mr. Sidhartha Sharma, Mr. Arjun Asthana, Mr. Yashraj Samant, Mr. Ajay Sabharwal, Ms. Shalini Basu and Mr. Nachiket Chawla, Advocates. CORAM: HON'BLE MS. JUSTICE JYOTI SINGH Signature Not Verified O.M.P. (COMM) 20/2023 and connected matter Page 1 of 107 Digitally Signed By:KAMAL KUMAR Signing Date:21.10.2025 22:07:39 JUDGEMENT JYOTI SINGH, J. O.M.P. (COMM) 20/2023 and I.A. 1116/2023 1. This petition is filed by the Petitioner under Section 34 of Arbitration and Conciliation Act, 1996 (‘1996 Act’) assailing the arbitral award dated 13.09.2018 passed by the majority of the three-member Arbitral Tribunal. 2. To the extent necessary, the factual matrix is that Petitioner is a Public Sector Undertaking under the Ministry of Steel, Government of India and owns and operates multiple integrated steel plants and units. Petitioner avers that it is India’s largest steel producer co