M/S MBL INFRASTRUCTURE LTD vs M/S PRADEEP COLONISERS AND SUPPLIERS PVT LTD

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 10.03.2026 Judgment pronounced on: 04.05.2026 + O.M.P. (COMM) 469/2025 & I.A. 28001/2025 (For Stay) M/S MBL INFRASTRUCTURE LTD .....Petitioner Through: Ms. Anusuya Salwan, Ms. Nikita Salwan, Mr. Rachit Wadhwa and Mr. Bankim Garg, Advocates. versus M/S PRADEEP COLONISERS AND SUPPLIERS PVT LTD .....Respondent Through: Mr. Gaurav Gupta, Mr. Rahul Sinha, Ms. Muskan Rathore, Ms. Rupal Gupta and Mr. Shivee Pandey Sinha, Advocates. + O.M.P. (COMM) 470/2025 & I.A. 28061/2025 (For Remand of limited portions of the impugned award for fresh adjudication) M/S PRADEEP COLONISERS AND SUPPLIERS PVT LTD .....Petitioner Through: Mr. Gaurav Gupta, Mr. Rahul Sinha, Ms. Muskan Rathore, Ms. Rupal Gupta and Mr. Shivee Pandey Sinha, Advocates. versus M/S MBL INFRASTRUCTURES LIMITED .....Respondent Through: Ms. Anusuya Salwan, Ms. Nikita Salwan, Mr. Rachit Wadhwa and Mr. Bankim Garg, Advocates. Signature Not Verified O.M.P. (COMM) 469/2025 & connected matters Page 1 of 85 Digitally Signed By:NEERU Signing Date:05.05.2026 18:13:51 + OMP (ENF.) (COMM.) 281/2025, EX.APPL.(OS) 1851/2025 (U/O XXI Rule 41) & EX.APPL.(OS) 1852/2025 (Seeking securing of the award by way of deposit before this Hon‟ble court) M/S PRADEEP COLONISERS AND SUPPLIERS PVT LTD .....Decree Holder Through: Mr. Gaurav Gupta, Mr. Rahul Sinha, Ms. Muskan Rathore, Ms. Rupal Gupta and Mr. Shivee Pandey Sinha, Advocates. versus M/S MBL INFRASTRUCTURE LTD .....Judgement Debtor Through: Ms. Anusuya Salwan, Ms. Nikita Salwan, Mr. Rachit Wadhwa and Mr. Bankim Garg, Advocates. CORAM: HON’BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. With the consent of the parties, the present Petitions were taken up for consideration together, as