RADIANCE INFRACON AND DEVELOPERS PVT LTD vs GLS INFRATECH PVT LTD

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 23.03.2026 Judgment pronounced on: 13.04.2026 + FAO(OS) (COMM) 156/2024, CM APPL. 43047/2024 RADIANCE INFRACON AND DEVELOPERS PVT LTD .....Appellant Through: Mr. Jeevesh Nagrath, Sr. Adv. with Mr. Rupesh Gupta and Ms. Kritika Tuteja, Advs. versus GLS INFRATECH PVT LTD .....Respondent Through: Mr. Nakul Sachdeva, Mr. Shreyansh Rathi, Mr. Sagar Arora, Ms. Shrinkhala Tiwari and Mr. Abhinandan Sharma, Advs. CORAM: HON'BLE MR. JUSTICE C. HARI SHANKAR HON'BLE MR. JUSTICE OM PRAKASH SHUKLA JUDGMENT % 13.04.2026 OM PRAKASH SHUKLA, J. Introduction 1. The Appellant has filed the present intra-court appeal under Section 37 of the Arbitration and Conciliation Act, 19961, read with Section 13 of the Commercial Courts Act, 2015 and Section 151 of Civil Procedure Code, 1908, assailing the order dated 20.05.20242 passed by the learned Single Judge in O.M.P. (COMM) No. 223/2024. 1 “the Act”, hereinafter 2 “Impugned Order” hereinafter Signature Not Verified Signed By:ANUBHAV FAO(OS) (COMM) 156/2024 Page 1 of 40 TRIPATHI Signing Date:13.04.2026 19:58:24 The said order arose from a petition filed by the Respondent under Section 34 of the Act seeking to set aside the arbitral award dated 27.11.20233, as modified by the order dated 22.02.2024, to the limited extent of Rs. 15,90,00,000/- awarded as mesne profits from 01.07.2019 to 30.11.2023 and further till actual hand-over of possession of the land in dispute, in favour of the Appellant. 2. In a nutshell, the present dispute arises out of a Collaboration Agreement dated 07.06.20164 between the Appellant (landowner), and the Respondent (Collaborator) for commercial development of the Appellant’s land in Gurugram. The Respondent was required to complete construction within the