NATIONAL SKILL DEVELOPMENT CORPORATION vs SURYA WIRES PRIVATE LIMITED & ORS.

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 09.01.2026 Judgment pronounced on: 28.01.2026 + ARB. A. (COMM.) 11/2025, I.A. 4910/2025 (Delay of 13 days in filing the appeal) & I.A. 6645/2025 (Directions) NATIONAL SKILL DEVELOPMENT CORPORATION .....Appellant Through: Mr. Jyoti Kumar Chaudhary, Mr. Ankit Konwar, Mr. Prateek Singh and Ms. Subhashini Kumari, Advocates. versus SURYA WIRES PRIVATE LIMITED & ORS. ….Respondents Through: Mr. Sudev Singh Juneja, Advocate for Respondent No. 2. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. The present Appeal has been filed under Section 37(2)(a) of the Arbitration and Conciliation Act, 19961, assailing the Order dated 23.10.20242 passed by the learned Sole Arbitrator in Case No. AC 2322/2022 before the Indian Council of Arbitration. The learned Sole Arbitrator vide the Impugned Order, allowed the Second Application filed by Respondent Nos. 2, 3, 5 and 7, under Section 16 of the Act, and allowed removal of Respondent Nos. 2, 3, 5 and 7 from the array 1 The Act 2 Impugned Order Signature Not Verified Digitally Signed By:HARVINDER KAUR ARB. A. (COMM.) 11/2025 Page 1 of 14 BHATIA Signing Date:30.01.2026 18:22:04 of parties. BRIEF FACTS: 2. The Appellant is a not-for-profit company that extends financial assistance to companies and organisations that provide skill training. Respondent No. 1, is a company engaged in the establishment and operation of training institutes. Respondent Nos. 4 and 6 are also borrower entities connected with the same project. Respondent Nos. 2, 5 and 7 are directors and/or authorised representatives of the said borrower companies, respectively. 3. In 2016 and 2017, Respondent No. 1 approached the Appellant for financial assistance to est