OIL AND NATURAL GAS CORPORATION LTD vs NEWTON ENGINEERING AND CHEMICALS LIMITED

Judgment text excerpt

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION [ COMMERCIAL DIVISION ] COMM. ARBITRATION APPEAL NO.1 OF 2026 IN COMM. ARBITRATION PETITION NO.648 OF 2021 Oil and Natural Gas Corporation Ltd., ] A company incorporated under the ] Companies Act, 1956 ] Having its registered office at : ] Pandit Deen Dayal Upadhyay ] Urja Bhavan, 5, Nelson Mandela Marg, ] Vasant Kunj, New Delhi – 110 070 ] And ] at Uran Plant, Uran – 400 702, ] ..Appellant/ Maharashtra ] Org. Petitioner Versus Newton Engineering & Chemicals Ltd., ] Being a Company incorporated under ] the Companies Act, 1956 ] Having its registered office at:864/B-4 ] G.I.D.C., Makarpura, Baroda ] .. Respondent/ Gujarat – 490 010 ]Org. Respondent Mr. Navroz Seervai, Senior Advocate, with Mr. Vishal Kanade, Mr. Anagh Pradhan, Ms. Aneesha Munshi, Mr. Anand Iyer, Ms. Palak Jain, Advocates, i/by Divya Shah Associates, for the Appellant-Original Petitioner. Mr. Mayur Khandeparkar with Mr. Bernardo Reis and Mr. Pratik Dixit, i/by Dr. Prem Motiramani, Advocates for the Respondent. CORAM : SHREE CHANDRASHEKHAR, CJ & GAUTAM A. ANKHAD, J. Judgment is reserved on : 27th March 2026 Judgment is pronounced on : 30th April 2026 1/35 CARBA-1-2026-Judgment.doc Dixit PER, GAUTAM A. ANKHAD, J. This appeal impugns the judgment dated 17 th October 2025 passed by the learned Single Judge, whereby the appellant’s petition under section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”) came to be dismissed and the Arbitral Award dated 26th August 2021, rendered unanimously by a three-member Tribunal, was upheld. 2. The respondent herein – M/s. Newton Engineering & Chemicals Limited was the original claimant before the Arbitral Tribunal, whereas the appellant – Oil & Natural Gas Corporation Limited (“ONGC