SARR FREIGHTS CORPORATION & ANR. vs ARGO CORAL MARITIME LTD

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 29th January, 2026 Pronounced on: 13th March, 2026 CS(OS) 868/2025 & I.A. 30141/2025 SARR FREIGHTS CORPORATION & ANR. .....Plaintiffs Through: Mr. Dayan Krishnan, Sr. Adv. with Mr. Saurabh Seth, Mr. Sumer Dev Seth, Ms. Neelampreet Kaur, Mr. Abhiroop Rathore, Mr. Kabir Dev, Mr. Sukhvir Singh and Mr. Sukrit Seth, Advocates (M:9811393402) versus ARGO CORAL MARITIME LTD. .....Defendant Through: Mr. Sandeep Sethi, Sr. Adv. with Mr. Amitava Majumdar, Mr. Arvind Kumar Gupta, Ms. Tripti Sharma, Mr. Dushyant Kishan Kaul, Mr. Abhiesumat Gupta, Mr. Kishna Gambhir, Ms. Shreya Sethi, Ms. Riya Kumar, Mr. Ishan Prashar, Advocates (M:9811088800) CORAM: HON'BLE MS. JUSTICE MINI PUSHKARNA JUDGMENT I.A. 30141/2025 (Under Order XXXIX Rules 1 and 2 read with Section 151 of the Code of Civil Procedure, 1908) INDEX TO THE JUDGMENT 1. Introduction …………………………………………………......Paras 1-3 2. Factual Matrix ………………………………………………. .........Para 4 2.1 Parties…………………………………………….Paras 4.1-4.2 2.2 Booking Note.………………………………….....Paras 4.3-4.7 2.3 Subsequent Events……………………………....Paras 4.8-4.12 2.4 First Arbitration/Reference………………….....Paras 4.13-4.15 2.5 Second Arbi