M/S JSW ISPAT STEEL LIMITED (NOW KNOWN AS JSW STEEL LIMITED) vs M/S GAS AUTHORITY OF INDIA LIMITED

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 12.02.2026 Judgment pronounced on: 09.03.2026 + FAO(OS)(COMM) 4/2024 M/s JSW ISPAT STEEL LIMITED (NOW KNOWN AS JSW STEEL LIMITED) .....Appellant Through: Mr. Sandeep Sethi and Mr. Ramesh Singh, Sr. Advs. with Mr. Sahil Narang, Mr. Dhritiman Roy, Mr. Ayushman Kacker, Mr. Krisna Gambhir and Mr. Shreya Sethi, Advs. versus M/S GAS AUTHORITY OF INDIA LIMITED ..... Respondent Through: Ms. Madhavi Divan, Sr. Adv. with Mr. Kapil Sankhla, Mr. Shubham Saigal, Mr. Vipul Grover, Mr. Saurabh Kumar Gangwar and Mr. Atharva Kotwala, Advs. CORAM: HON'BLE MR. JUSTICE C. HARI SHANKAR HON'BLE MR. JUSTICE OM PRAKASH SHUKLA JUDGMENT % 09.03.2026 OM PRAKASH SHUKLA, J. 1. This is an appeal filed under Section 37(1)(c) of the Arbitration and Conciliation Act, 19961, read with Section 13 of the Commercial Courts Act, against the judgment dated 20.12.2023 passed by the Learned Single Judge of this Court in the O.M.P (Comm.) No. 1 “the Act’ hereinafter FAO(OS)(COMM) 4/2024 Signature Not Verified Page 1 of 61 Signed By:PRAGYA ARORA Signing Date:09.03.2026 17:38:26 249/2020, titled M/s Gas Authority of India Ltd. vs M/s JSW Ispat Steel Ltd., whereby the respondent’s petition under Section 34 of the 1996 Act has been partly allowed, and the award passed in favour of the petitioner (Appellant herein), has been set aside. FACTUAL BACKGROUND 2. The brief factual matrix necessary for the purposes of adjudication of the present appeal is delineated below. 2.1 The Appellant is a company engaged in the operation of a sponge iron and hot rolled coil plant located in Dolvi, District of Raigarh, Maharashtra. 2.2 The respondent is a state owned natural gas corporation specialising in the transmission of natural gas, petrochemicals, and city gas