M/S COSCO BLOSSOMS PVT LTD vs ORIENTAL INSURANCE COMPANY LTD

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 06.11.2025 Judgment pronounced on: 12.03.2026 + O.M.P. (COMM) 568/2016 M/S COSCO BLOSSOMS PVT LTD .....Petitioner Through: Mr. Raman Kapur, Sr. Adv. with Mr Rajinder Wali, Adv. versus ORIENTAL INSURANCE COMPANY LTD .....Respondent Through: Mr. Pradeep Gaur, Mr. Amit Gaur, Ms. Sweta Sinha, Advs. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH JUDGMENT 1. This is a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”), seeking to challenge the Arbitral Award dated 17.03.2012 (“Award”) passed by the learned Sole Arbitrator. FACTUAL MATRIX AS PER THE PETITIONER 2. The petitioner, namely M/s Cosco Blossoms Pvt. Ltd., is a registered private limited company engaged in the business of floriculture. The company at the relevant time was primarily a 100% export oriented company exporting its flowers in foreign markets in Europe, Japan, etc. 3. For the purpose of operating its floriculture business, the petitioner maintained several greenhouses built on area measuring 15 acres situated at Village Goyla, Sub-Tehsil Tauru, Gurgaon, Haryana. 4. The company catered to the demands of the high-end flowe