STEEL AUTHORITY OF INDIA LIMITED vs M/S PRIMETALS TECHNOLOGIES INDIA PVT LIMITED

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 12.02.2026 Judgment pronounced on: 23.02.2026 + O.M.P. (COMM) 451/2023 & I.A. 21931/2023 STEEL AUTHORITY OF INDIA LIMITED .....Petitioner Through: Mr. Siddharth Yadav, Sr. Adv with Mr. Ashish Tiwari, Mr. Anurag Tiwari and Mr. Sahib Patel, Advs. versus M/S PRIMETALS TECHNOLOGIES INDIA PVT. LIMITED .....Respondent Through: Mr. Rajesh Markanda, Mr. Keshri Kumar & Mr. Saurav Markanda, Advs. CORAM: HON'BLE MR. JUSTICE AVNEESH JHINGAN JUDGMENT 1. This petition is filed under Section 34 of the Arbitration and Conciliation Act, 1996 (for short „the Act‟) challenging the arbitral award dated 02.05.2023, modified vide order dated 07.07.2023. FACTS 2. The facts in brief emerging from the record are that the parties to the lis executed a contract on 01.06.2007 whereby the respondent was to replace „Existing MG Sets for Roughing and Finishing Stand Drives Motors of Plate Mill by Digital Thyristor Converters‟ at Bhilai Steel Plant (hereinafter „BSP‟). The work was to be completed by the respondent within twenty-one months and was for a price of 2021. 3. The arbitrator framed seven issues: “1. Whether the claims of the Claimant are