# M/S JAY FE CYLINDERS LTD. vs MANISH JAIN

Court: Delhi High Court
Date: 2026-02-02
Citation: O.M.P. (COMM)-149/2023 2026:DHC:758
Petitioner: M/S JAY FE CYLINDERS LTD.
Respondent: MANISH JAIN

[Official PDF on Delhi High Court website](https://delhihighcourt.nic.in/app/showFileJudgment/75902022026OMPCOMM1492023_171034.pdf)

## Judgment text (excerpt)

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 20 January 2026 Judgment pronounced on: 2/2/26 + O.M.P. (COMM) 149/2023 & I.A. 7531/2023 M/S JAY FE CYLINDERS LTD. .....Petitioner Through: Mr. V.K. Garg, Senior Adv. with Mr. Kaushal Gautam, Mr. Rishi Jindal, Mr. Mrinal Sharma, Ms. Snehpreet Kaur, Ms. Hemant Dalal & Mr. K.S. Rekhi, Advs. versus MANISH JAIN .....Respondent Through: Mr. Sanjeev Mahajan, Adv. CORAM: HON'BLE MR. JUSTICE AVNEESH JHINGAN JUDGMENT 1. This petition under Section 34 of the Arbitration & Conciliation Act, 1996 (for short „the Act‟) is filed aggrieved of the arbitral award dated 14.12.2022. 2. The petitioner is a Company incorporated under the Companies Act, 1956 and engaged in the business of manufacturing Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG) and Gas Cylinders. The petitioner approached a foreign collaborator RT Chemical Technologies and Composite Materials, a Joint Stock Company for manufacturing Polymer Composite Gas Balloons/Cylinders for storage and transportation of CNG & LPG. On 02.09.2016 Memorandum on Joint Participation in Investment Project 3. The first instalment of sixty lakhs plus taxes towards commission w

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