TDI INTERNATIONAL INDIA LTD vs DELHI METRO RAIL CORPORATION

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 17.01.2026 Judgment pronounced on: 24.02.2026 + O.M.P. (COMM) 184/2017 TDI INTERNATIONAL INDIA LTD .....Petitioner Through: Mr. Ashish Mohan, Senior Advocate with Mr. Akshit Mago and Mr. Auritro Mukherjee, Advocates. versus DELHI METRO RAIL CORPORATION .....Respondent Through: Mr. Manish Kr. Srivastava and Mr. Ankit Bhushan, Advocates. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. The present Petition has been instituted under Section 34 of the Arbitration and Conciliation Act, 19961, challenging the Arbitral Award dated 26.02.20102 rendered by the learned Sole Arbitrator in the matter titled ―M/s TDI International India Ltd. vs. Delhi Metro Rail Corporation Ltd.”. In addition to assailing the Impugned Award, 1 A&C Act 2 Impugned Award Signature Not Verified Digitally Signed By:HARVINDER KAUR BHATIA O.M.P. (COMM) 184/2017 Page 1 of 37 Signing Date:27.02.2026 13:58:07 the Petitioner has, in the present Petition, also sought multiple reliefs in respect of various Claims. 2. It is relevant to note that, during the course of arguments before this Court, the Petitioner confined its challenge primarily to four claims, namely, Claim Nos. 1, 2, 3 and 6, as decided by the learned Arbitrator. BRIEF FACTS: 3. The Petitioner (Claimant in the Arbitral Proceedings) is a company engaged in the business of outdoor, indoor and transit advertising. 4. The Respondent herein (Respondent in the Arbitral Proceedings), invited tenders vide Tender document dated 19.01.2004 for Advertising Rights inside stations and circulating areas located between Kanahiya Nagar - Rithala Section (eight stations), for a period of five (05) years. 5. The Petitioner emerged as the highest bi