INDIAN OIL CORPORATION LTD vs ADARSH NOBEL CORPORATION LTD.

Judgment text excerpt

$~11 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 27th March, 2026 + ARB.P. 93/2026 INDIAN OIL CORPORATION LTD. .....Petitioner Through: None. versus ADARSH NOBEL CORPORATION LTD. .....Respondent Through: Mr. A.K. Thakur, Mr. Rishi Raj, Mr. Sujeet Kumar, Mr. Ningthem Oinam, Advocates (M:9810141402) CORAM: HON'BLE MS. JUSTICE MINI PUSHKARNA MINI PUSHKARNA, J (ORAL): 1. The present petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 (“Arbitration Act”) seeking appointment of a sole arbitrator, for adjudication of disputes arising between the parties out of the Contract Agreement dated 06th January, 2018. 2. The facts, as culled out from the pleadings, are as follows: I. The petitioner, being engaged in the activities of refining, production, etc., of natural gas and petrochemicals, had awarded the work of “Provision of Additional VR Tank at Paradip Refinery” to the respondent, vide Letter of Award dated 29th November, 2017 (“LOA”), which was to be completed within a period of 18 months from the date of the LOA. II. The respondent, on 11th June, 2018, stopped the work on the site in question. Further, despite multiple notices dated 29th June, 2018, 23rd July, 2018 and 11th August, 2018 sent by the petitioner to the respondent, no visible action for resuming the work at the site in question was undertaken Signature Not Verified Digitally Signed ARB.P. 93/2026 Page 1 of 13 By:HARIOM SHARMA Signing Date:29.03.2026 14:06:42 by the respondent. III. The petitioner issued a termination notice dated 13th December, 2018 to the respondent, thereby, terminating the awarded Contract Agreement in terms of the Clause 7 of the General Conditions of Contract (“GCC”). IV. The petitioner, to protect its interests and for recovery of the