SNG DEVELOPERS LIMITED vs LORD VARDHMAN BUILDTECH PRIVATE LIMITED

Judgment text excerpt

$~2 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 22.04.2026 + FAO(OS) (COMM) 58/2026 CM APPL. 16297/2026 SNG DEVELOPERS LIMITED .....Appellant Through: Mr. Manish Vashisht, Sr. Advocate and Mr. Akshay Makhija Sr. Advocate with Mr. Prateek Gupta, Mr. Pulkit Agarwal, Ms. Vishakha Kaushik, Mr. Vedansh Vashisht, Mr. Deepak Jonia, Mr. Garvil Singh, Ms. Chitrakshi Sharma and Mr. NK Verma, Advocates versus LORD VARDHMAN BUILDTECH PRIVATE LIMITED .....Respondent Through: Mr. Sanjeev Kumar Dubey, Senior Advocate with Mr. E. Krishna Dass, Mr. Harsh Basoya, Ms. Tanya Verma and Mr. Shahrukh, Advocates CORAM: HON'BLE MR. JUSTICE V. KAMESWAR RAO HON'BLE MS. JUSTICE MANMEET PRITAM SINGH ARORA MANMEET PRITAM SINGH ARORA, J. (ORAL) Signature Not Verified FAO(OS) (COMM) 58/2026 Page 1 of 21 Signed By:MAHIMA SHARMA Signing Date:02.05.2026 13:29 1. The present appeal has been filed under Section 37(1)(c) of the Arbitration and Conciliation Act, 1966 (‘Act of 1996’) read with Section 13 of the Commercial Courts Act, 2015 with the following prayers: “a) Set-aside the impugned judgement dated 11.02.2026 passed by the Ld. Single Judge in O.M.P(COMM) 34812024 titled as 'SNG Developers Limited vs. Lord Vardhman Buildtech Private Limited' and also Set-aside the Arbitral Award dated 22.04.2024 passed by the Ld. Sole Arbitrator in the arbitration between the parties. b) Cost of the proceedings be awarded in favour of the appellant and against the respondent. c) Pass such other order / orders as this Hon'ble Court deems fit and Proper.” 2. The relevant facts for deciding the present appeal are as follows: 2.1. The appellant is the owner of land bearing No. S-S001, admeasuring approximately 5 acres, situated at P-8, Greater Noida, District Gautam Budh Nagar, Uttar Pradesh [‘subject p