THE STATE OF MAHARASHTRA THROUGH SECRETARY DEPT. OF INFORMATION AND TECHNOLOGY MANTRALAYA MUMBAI vs BHARTIYA SAMRUDDHI FINANCE LTD

Judgment text excerpt

CARBP.166.2022.Final.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO.166 OF 2022 Bhartiya Samruddhi Finance Ltd ...Petitioner Versus The State of Maharashtra & Anr. ...Respondents ALONGWITH INTERIM APPLICATION NO. 2276 OF 2023 IN COMM. ARBITRATION PETITION NO. 166 OF 2025 State Of Maharashtra & Anr. ....Applicants IN THE MATTER BETWEEN Bhartiya Samruddhi Finance Ltd. ...Petitioner Versus The State of Maharashtra & Anr. ...Respondents ALONGWITH COMM. ARBITRATION PETITION NO. 373 OF 2022 ALONGWITH INTERIM APPLICATION NO. 1730 OF 2023 IN COMM. ARBITRATION PETITION NO. 373 OF 2022 State Of Maharashtra & Anr. ....Petitioners/Applicants Versus Bhartiya Samruddhi Finance Ltd. ...Respondent Mr. Yashodeep Deshmukh a/w Mr. Rayyan Nasir, Mr. Nasir Mohammed, Ms. Vaidehi Deshmukh and Ms. Nehadevi Prajapati for the Petitioner in CARBP/166/2022 and for Respondent in CARBP/373/2022. Mr. Manish Upadhye, AGP for Respondent Nos. 1 and 2 in CARBP/166/2022 and CARBP/373/2022. Digitally signed by Page 1 of 22 AARTI AARTI GAJANAN October 14, 2025 GAJANAN PALKAR PALKAR Date: Aarti Palkar 2025.10.14 15:06:21 +0530 CARBP.166.2022.Final.doc CORAM : SOMASEKHAR SUNDARESAN, J. RESERVED ON : JULY 1, 2025 PRONOUNCED ON : OCTOBER 14, 2025 JUDGEMENT : 1. The captioned proceedings are cross petitions filed under Section 34 of the Arbitration and Conciliation Act, 1996 (“ the Act”) challenging an arbitral award dated December 17, 2021 (“ Impugned Award”) passed by a Learned Arbitral Tribunal. 2. The Impugned Award adjudicated disputes between Bhartiya Samruddhi Finance Ltd. (“Samruddhi”) and the State of Maharashtra (“State”) in relation to a project to provide information to citizens about the State’s services and schemes aided by info