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

$~ * 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. 1. With the consent of the parties, the present Petitions were taken up for consideration together, as they arise from the same arbitral award. At the outset, this Court heard the parties on a foundational question of law which arises for determin