M/S MILLENIUM REALTECH PVT. LTD vs M/S OPAQUE INFRASTRUCTURE PVT. LTD

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 27.01.2026 Judgment pronounced on: 16.02.2026 Judgment uploaded on: 16.02.2026 + FAO(OS) (COMM) 246/2023 M/S MILLENIUM REALTECH PVT. LTD. .....Appellant Through: Mr. Jugal Bagga, Mr. Sumit Kaushik, Mr. Charanjit Khatana & Mr. Chet Ram Kaushik, Advs . versus M/S OPAQUE INFRASTRUCTURE PVT. LTD. .....Respondent Through: Mr. Harish Malhotra Senior Advocate with Mr. Rajender Agarwal and Mr. Anoop Kumar, Advs. CORAM: HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MR. JUSTICE AMIT MAHAJAN JUDGMENT ANIL KSHETARPAL, J.: 1. The present Appeal has been filed assailing the correctness of the judgment dated 14.08.2023 [hereinafter referred to as „Impugned Judgment‟], passed by the learned Single Judge [hereinafter referred to as „LSJ‟], through which the petition filed by the Appellant (Respondent before the Arbitral Tribunal) under Section 34 of the Arbitration and Conciliation Act, 1996 [hereinafter referred to as „Act of 1996‟], challenging the Arbitral Award dated 20.11.2020 [hereinafter referred to as „Impugned Award‟], was dismissed. Signature Not Verified Signed By:JAI NARAYAN Signing Date:16.02.2026 FAO(OS) (COMM) 246/2023 Page 1 of 25 15:33:44 2. For the sake of clarity, consistency and ease of reference, the parties in the present appeal shall be referred to in accordance with their respective status before the learned Sole Arbitrator [hereinafter referred to as „LSA‟]. FACTUAL BACKGROUND: 3. In order to comprehend the issues involved in the present case, the relevant facts in brief are required to be noticed. 4. The present proceedings trace its genesis to the Collaboration Agreement dated 07.11.2011 [hereinafter referred to as „Agreement‟], with respect to a land admeasuring 1148 sq. yds. situated in Ishwa