pronounced on: 20th January, 2015
+ O.M.P. No.1036/2012
IFFCO-TOKIO GENERAL INSURANCE CO LTD ..... Petitioner
Through Mr.Neeraj Kishan Kaul, Sr. Adv.
with Mr.Saurav Aggarwal,
Mr.Trinath, Mr.Mrinal OJha,
Mr.Siddhanth Sharma and
Mr.Bhuvan Mishra, Advs.
versus
INDO-RAMA SYNTHETICS LTD ..... Respondent
Through Mr.Prag P. Tripathi, Sr. Adv.
Mr.Joy Basu, Sr. Adv. with
Mr.Aayush Agarwal,
Mr.Abhimanyu Bhandari,
Ms.Aanchal Mullick & Ms.Monisha
Handa, Advs.
CORAM:
HON'BLE MR. JUSTICE MANMOHAN SINGH
MANMOHAN SINGH, J.
1. The present petition has been filed by the petitioner under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as "the Act") seeking setting aside of the Arbitral Award dated 1st August, 2012 passed by the Arbitral Tribunal of quorum comprising three arbitrators.
2. Brief facts of the present case are that the petitioner is a Company duly incorporated under the Companies Act, 1956 and having its registered office at IFFCO Tokio General Insurance Co.
O.M.P. No.1036/2012 Page 1 of 196Ltd., IFFCO Sadan, C-1, District Centre, Saket, New Delhi-110017. The respondent is Indorama Synthetics India Ltd., a company having its registered office at