INDIAN SUGAR EXIM CORPORATION LIMITED vs SAKUMA EXPORTS LIMITED

* IN THE HIGH COURTOF DELHI AT NEW DELHI % Judgment reserved on: 09.04.2026 Judgment pronounced on: 20.04.2026 + O.M.P. (COMM) 416/2023 & I.A. 19782/2023 INDIAN SUGAR EXIM CORPORATION LIMITED .....Petitioner Through: Mr. Jayant Mehta, Sr. Adv. with Ms. Shruti Sabharwal, Ms. AvlokitaRajvi, Mr. Lakshya Khanna, Mr. Bakhshind Singh and Ms. SidhikaNagrath, Advs. versus SAKUMA EXPORTS LIMITED .....Respondent Through: Mr. Rajeeve Mehra, Sr. Adv. with Mr. V AnushRaajan, Ms. Shreya V Mehra and Mr. Pradyumn Yadav, Advs. CORAM: HON'BLE MR. JUSTICE AVNEESH JHINGAN JUDGMENT 1. The petition under Section 34 of the Arbitration and Conciliation Act, 1996 (for short ‘the Act’) is filed challenging the arbitral award dated 09.06.2023. 2. The brief facts are that the petitioner is engaged in the export of sugar. The respondent/claimant is in the business of commodity trading. Vide notification dated 28.09.2018 minimum export quota in respect of each sugar mill was notified, including the sugar mills of Uttar Pradesh. Thirteen contracts were executed between the parties to the lis. The present dispute germane from contract dated 10.05.2019 2019. The respondent on 13.05.2019 entered into a contract wit