JSW ISPAT SPECIAL PRODUCTS LIMITED vs BHARAT PETRORESOURCES LIMITED

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 11th September, 2025 + O.M.P. (COMM) 533/2024 & I.As. 47736/2024, 4327/2025, 4328/2025 and 8551/2025 JSW ISPAT SPECIAL PRODUCTS LIMITED .....Petitioner Through: Mr. Dayan Krishnan, Senior Advocate with Mr. Rishi Agrawala, Ms. Aarushi Tiku, Mr. Abhay Aghnihotri, Mr. Vikram Choudhary, Mr. Nilay Gupta, Mr. Shreedhar Kale and Mr. Sanjeevani Seshdari, Advocates. versus BHARAT PETRORESOURCES LIMITED .....Respondent Through: Mr. Jayant Mehta, Senior Advocate with Mr. Divyam Agarwal, Ms. Aditi Deshpande, Ms. Pallavi Kumar, Ms. Priya Chauhan and Ms. Jasleen Virk, Advocates. + OMP (ENF.) (COMM.) 28/2025 & EX.APPL.(OS) 206/2025, 557/2025 and 565/2025 BHARAT PETRORESOURCES LIMITED .....Decree Holder Through: Mr. Jayant Mehta, Senior Advocate with Mr. Divyam Agarwal, Ms. Aditi Deshpande, Ms. Pallavi Kumar, Ms. Priya Chauhan and Ms. Jasleen Virk, Advocates. versus JSW STEEL LIMITED EARLIER JSW ISPAT SPECIAL PRODUCTS LIMITED .....Judgement Debtor Through: Mr. Dayan Krishnan, Senior Advocate with Mr. Rishi Agrawala, Ms. Aarushi Tiku, Mr. Abhay Aghnihotri, Mr. Vikram O.M.P. (COMM) 533/2024 and connected matter Page 1 of 43 Signature Not Verified Digitally Signed By:KAMAL KUMAR Signing Date:15.09.2025 10:25:09 Choudhary, Mr. Nilay Gupta, Mr. Shreedhar Kale and Mr. Sanjeevani Seshdari, Advocates. CORAM: HON'BLE MS. JUSTICE JYOTI SINGH JUDGEMENT JYOTI SINGH, J. O.M.P. (COMM) 533/2024 1. This petition is filed by the Petitioner/JSW Ispat Special Products Limited (now known as JSW Steel Limited) under Section 34 of the Arbitration and Conciliation Act, 1996 (‘1996 Act’) challenging an arbitral award dated 21.08.2024, passed by the three-member Arbitral Tribunal (‘Tribunal’). 2. Petitioner, earlier known as Monnet Ispat & Energy