Vinay Mawandia vs Bimal Mawandia & Anr on 6 July, 2026

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    Delhi High Court

    Vinay Mawandia vs Bimal Mawandia & Anr on 6 July, 2026

                              $~
                              *          IN THE HIGH COURT OF DELHI AT NEW DELHI
                              %                                          Judgment reserved on: 22.05.2026
                                                                      Judgment pronounced on: 06.07.2026
                              +          O.M.P. 3/2024 & I.A. 3246/2024 (Stay)
                                         VINAY MAWANDIA                                      .....Petitioner
                                                    Through:                Mr. Amit Bhagat and Ms.
                                                                            Arzoo Raj, Advocates.
                                                                 versus
    
                                         BIMAL MAWANDIA & ANR.             .....Respondents
                                                    Through: Ms. Niyati Kohli, Mr. Rishabh
                                                              Parikh and Mr. Pratham Vir
                                                              Agarwal, Advocates.
    
                              +          EX.P. 82/2023 & EX.APPL.(OS) 1564/2023 (Ex.)
                                         BIMAL MAWANDIA & ANR.           .....Decree Holders
                                                    Through: Ms. Niyati Kohli, Mr. Rishabh
                                                              Parikh and Mr. Pratham Vir
                                                              Agarwal, Advocates.
                                                    versus
    
                                         VINAY MAWANDIA.                             .....Judgement Debtor
                                                    Through:                Mr. Amit Bhagat and Ms.
                                                                            Arzoo Raj, Advocates.
    
                                         CORAM:
                                         HON'BLE MR. JUSTICE HARISH VAIDYANATHAN
                                         SHANKAR
    
                                                                 JUDGMENT
    

    HARISH VAIDYANATHAN SHANKAR, J.

    1. The Execution Petition being EX.P. 82/2023 1 has been
    instituted under Section 36 of the Arbitration and Conciliation Act,

    SPONSORED

    1
    Execution Petition
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 1 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    19962, read with Order XXI and Section 151 of the Code of Civil
    Procedure, 1908 3 , seeking the execution and enforcement of the
    Interim Award dated 13.11.2021 4 passed by the learned Arbitral
    Tribunal.

    2. The Objection Petition being O.M.P. 3/2024 5 , has been
    preferred under Section 34 of the A&C Act seeking the setting aside
    of the aforesaid Interim Award, whereby the learned Arbitral Tribunal
    issued directions in respect of two immovable properties, namely,
    property bearing No. A-175 Sushant Lok, Phase 1, Gurugram,
    Haryana6, and property bearing No. 24/25 Dobson Road, Howrah,
    West Bengal 7.

    3. Since both the petitions arise out of the same Interim Award
    and involve interconnected questions of fact and law, they were, with
    the consent of the parties, heard together and are being disposed of by
    this common judgment.

    4. For the sake of clarity, convenience and brevity, the parties
    shall hereinafter be referred to in accordance with their array in the
    Objection Petition. Accordingly, Shri Vijay Mawandia shall be
    referred to as the “Petitioner”, whereas Shri Bimal Mawandia and Shri
    Bijay Mawandia shall be referred to collectively as the
    “Respondents”, unless the context otherwise requires.

    5. Since the Execution Petition seeks enforcement of the very
    Award which is under challenge in the Objection Petition, the
    maintainability and outcome of the execution proceedings are

    2
    A&C Act
    3
    CPC
    4
    Impugned Award
    5
    Objection Petition
    6
    Subject Property
    7
    Second Property
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 2 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    necessarily contingent upon the adjudication of the challenge under
    Section 34 of the A&C Act. This Court, therefore, considers it
    appropriate to first examine and decide the Objection Petition,
    whereafter the Execution Petition shall be dealt with in accordance
    with the findings returned therein.

    BRIEF FACTS:

    6. Shorn of unnecessary details, the facts germane to the
    institution of the present Petition are as follows:

    a. The parties herein are brothers, having a common ancestor, Late
    Mr. Bala Presad Mawandia.

    b. The Parties were jointly carrying out their family business;

    however, in or around the year 2019, the Petitioner and the
    Respondents agreed to divide a few of the properties owned by
    the Mawandia family or by their group companies and for the
    said purposes, a Memorandum of Understanding dated
    27.02.2019 8 was executed between the Parties, wherein the
    details of the properties to be divided, along with the manner of
    their division, were delineated.

    c. Certain disputes arose pertaining to the terms of the MoU as
    between the parties and the same was not acted upon. Pursuant
    to the disputes that had arisen inter se the parties, they jointly,
    with the aim to resolve the said disputes, entered into an
    Arbitration Agreement dated 13.06.2021 9 , whereby it was
    agreed between the parties that the disputes be referred to
    arbitration, to be adjudicated by a tribunal consisting of three

    8
    MoU
    9
    Arbitration Agreement
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 3 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    arbitrators, who were specifically named in the Arbitration
    Agreement.

    d. Upon entering into the reference, the learned Arbitral Tribunal
    conducted a meeting through Video Conferencing and heard the
    parties, and thereafter, passed the said Award.
    e. It is stated that the Impugned Award came to be passed without
    there being any presentation of the claims or counterclaims on
    behalf of the parties.

    f. It is stated that the unsigned copy of the said Award was posted
    on the WhatsApp group of the parties along with the learned
    Arbitral Tribunal, on 13.11.2021.

    g. It is stated that the signed copy of the Award came to the
    knowledge of the Petitioner only upon receiving the Execution
    Petition preferred by the Respondents, and that too, bore the
    signatures of only 2 out of the 3 members of the learned
    Arbitral Tribunal.

    h. Aggrieved by the Award passed by the learned Tribunal, the
    Petitioner has assailed the Award by way of the present
    Objection Petition.

    SUBMISSIONS ON BEHALF OF THE PARTIES:

    7. Learned counsel appearing on behalf of the Petitioner would
    impugn the Award stating it to be perverse and illegal on the ground
    that the same is contrary to the provisions of the A&C Act and has
    been passed without following any procedure.

    8. It would be submitted that the learned Arbitrators failed to seek
    any claims or counterclaims on behalf of the parties, which is contrary
    to and in violation of the provisions of the A&C Act.

    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 4 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27

    9. It would further be submitted that the Award that has come to
    be passed is bereft of any reasoning and has been passed in a
    completely arbitrary manner without any application of mind, contrary
    to the provisions of Section 31 of the A&C Act.

    10. It would also be submitted by the learned counsel for the
    Petitioner that by way of the said Award, the learned Arbitral Tribunal
    has adjudicated upon and given directions for the transfer of
    ownership rights in respect of subject property which is admittedly co-
    owned by Mrs. Madhu Mawandia, Mrs. Uma Mawandia and Mr.
    Vikash Mawandia, none of whom are either signatory to the
    Arbitration Agreement nor were parties before the learned Arbitral
    Tribunal. Therefore, passing an order giving directions to Mrs. Madhu
    Mawandia, who is not even a party to the Arbitration Agreement, for
    transfer of her ownership in a property clearly shows that the learned
    Tribunal, while passing the Impugned Award, has exceeded its
    authority and therefore, the Award is liable to be set aside.

    11. It would also be submitted by the learned counsel for the
    Petitioner that the Impugned Award passed by the learned Tribunal is
    also contrary to the provisions of Sub-Sections (1) and (2) of Section
    31
    of the A&C Act, which states that an award is to be made in
    writing and shall be signed by all the members of the arbitral tribunal,
    the only exception being that the signature of the majority of members
    shall be sufficient as long as the reason for any omitted signature is
    stated in the award. It is submitted that the Impugned Award only
    contains the signatures of 2 of the 3 members of the learned Arbitral
    Tribunal and the Impugned Award is silent on the omission of the
    signature of the third member. No reason for the omission of the
    signature of the third member is mentioned in the Impugned Award.

    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 5 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27

    Thus, the Impugned Award is not a proper award in terms of the
    provisions of the A&C Act and is therefore also liable to be set-aside.

    12. Per Contra, learned counsel appearing on behalf of the
    Respondents would, at the very outset, seek to challenge the present
    Petition on its maintainability on the ground of it being barred by
    limitation. She would submit that the Impugned Award came to be
    passed on 13.11.2021; however, the present Petition has only come to
    be filed as late as in January 2024. She would submit that the
    Petitioner, despite being aware of the Award having been passed,
    chose to impugn the same only after the filing of the Execution
    Petition, which clearly shows that the same is an afterthought and a
    means to avoid its obligations under the Impugned Award.

    13. It would also be submitted by the learned counsel for the
    Respondents that the Petition is also not accompanied by an
    application seeking condonation of the delay of more than 3 years, nor
    has any sufficient cause in this respect been shown in the pleadings.

    14. She would further submit that the Impugned Award, when it
    came to be passed by the learned Tribunal, was shared on the
    WhatsApp group created, which group comprised the members of the
    family and who were/ are parties herein, and the same was
    acknowledged by the Petitioner. It would be submitted that after
    having received and acknowledged the Impugned Award, the
    Petitioner slept over their rights for approximately three years before
    challenging the Award.

    15. It would further be submitted that not only has the Petitioner
    acknowledged the Impugned Award, but steps have been taken by
    both the parties to enforce the Award and carry out its terms. It would
    be contended that after having accepted the Award and reaping
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 6 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    benefits out of the same, the Petitioner cannot now be allowed to step
    back from the performance of its obligations under the Impugned
    Award and challenge the same. She would seek to rely upon the
    transcript of the WhatsApp chat as between the parties wherein the
    acknowledgement of the Impugned Award has been accorded, and
    steps to be carried thereof have been discussed between the parties
    and carried out, which are as follows:

    [22/04/21, 2:58:47 PM] Mawandia family setlm: You created
    group “Mawandia family settelme”

    ****
    [22/04/21, 3:14:57 PM] Bimal Mawandia: Sri vedaprkash desired
    All 3 brothers to give required papers to Sri mahesh ji
    Regarding below
    1 – secured loan with bank n situation
    2 – first initial understanding of three brothers
    3 – remaining properties with value etc
    4 – unsecured Loan update situation
    5 – detail of properties sold in last 2/3 years n
    how the fund utilized
    6 – upto date all company n all persona files including all faimily
    members up to 31/3/21
    7 – Poddar ji account detail and how the money reed and used
    8 – details of jewellery n other valuables of the group

    After receipt of papers Mahesh ji will examine n give his findings
    to Vedprakash ji n Jawaharji or if any informations /papers R
    required by Mahesh ji he will write in this group or wil ask directly
    to the brothers
    For info to all
    ****
    [22/06/21, 10:54:33 AM] Vinay Ji Correct No: Sub: Sushantlok
    home:-we are paying 1271000.00 EMI every month which is not
    workable by paying group and I m not interested by paying my
    share. Brokers are around to buy home in approx 12.00 crore or
    more. Bimal stopped showing home to home buyers., by selling the
    home we reduce our bank liabilities and monthly burdens of money
    ****
    [25/06/21, 2:54:38 PM] Vinay Ji Correct No: SLOK
    We reduced liabilities earlier by selling properties, similarly SLOK
    house to be sold and pay DB immediately. Balance amount to be
    FD and used by permission of arbitrator. If Bimal and Bijay want
    to retain the house, they can take it for 12cr. Or otherwise all 3
    brothers have to decide to sell the property.

    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 7 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27

    ****
    [08/07/21, 4:52:53 PM] Vinay Ji Correct No : 1.1 offereei home
    12.90 cr for land and building only, all movable items which are
    common will be distributed

    2. Payment terms 3 months only,10% advance to be given with in
    15 days times ., this is the norms

    3. EMI will not be paid by me any

    4. Gift transaction possible as MADHUS share can be possible
    capital I want to to gift . But capital earn and losses will be set by
    bm and Bkm

    6. All transactional expenses to be Bourne by the buyer as usual
    and the group will not bear the cost of transferring as sellers.

    ****
    [13/11/21, 5:47:48 PM] Jawaharji : : 1st Interim Award.pdf • 2
    pages <attached:

    00000198-1st Interim Award.pdf>
    [13/11/21, 5:49:03 PM] Jawaharji : Dear All
    pls find above 1st award, pls act accordingly .
    Regards
    Jawahar
    [13/11/21, 6:31:49 PM] Vinay ji Correct No: Noted thanks
    [16/11/21, 11:15:07 AM] Bimal Mawandia: We wil send below
    gift deed by afternoon to
    vinay ji n then Tom or day after registry is possible

    1) madhu ji to vinay ji

    2) vinay ji to Bimal n bijay
    Court is closed 19-21/11
    N then we r away till night of 26/11
    Once we send gift deed to them wil confirm in this group n then
    after checking
    vinay ji to advise if to book registry as above
    Rgds Bimal
    ****
    [16/11/21, 1:35:20 PM] Bijay Ji X Watsup chacha: Respected
    punches Kolkatta property for missing documents letter wasn’t
    allowed to give physically to local police station only online.

    We had lodged online complaint on police station site and set
    papers to Vinay ji by email and a printout also attached herewith
    Rgds/bijay
    [16/11/21, 1:35:20 PM] Bijay Ji X Watsup chacha: Resent
    attachment.

    [16/11/21, 2:03:47 PM] Bimal Mawandia : <attached:

    00000219-PHOTO-2021 – 11 – 16 – 14 – 03 – 47.jpg>
    [16/11/21, 2:04:08 PM] Bimal Mawandi: <attached:

    00000220-PHOTO-2021 – 11- 16 – 14 – 04 – 08.jpg>

    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 8 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    [16/11/21, 3:07:55 PM] Bijay Ji X Watsup chacha: Scan 16 Nov 21
    . 01·22·58.pdf •
    1 page <attached: 00000221 -Scan 16 Nov 21 .01·22·58.pdf>
    ****
    [19/11/21, 7:41:22 PM] Vinay Ji Correct No : <attached:

    00000240-AUDIO-2021-11-19-19-41-23.opus>
    ****
    [22/11/21, 9:10:03 AMI Vinay Ji Correct No: Jift deed draft .. pdf •
    2 pages
    <attached: 00000246-gift deed draft .. pdf>
    [22/11/21, 9:10:47 AM] Vinay Ji Correct No: According to many
    recent texts, a bhabhi can gift to devar. Maheshji please check and
    confirm, so only one deed is made. I have gone thru the gift deed
    and attaching first request on changes.

    Gift deed will be signed only when:

    1. All the things from SLOK is cleared by us.

    2. We have a clear NOC from the bank that Vinay and Madhu are
    exiting the loan and
    no longer liable for this loan or no type of persona] guarantee.

    3. Due to so many travel plans BMB, the timelines to prepare and
    register documents
    cannot be rushed. We need to satisfy ourselves before signing the
    deed, receiving the compensation and gjving the possession.

    ****
    [23/11/21, 10:32:46 AM] Bimal Mawandia: Mahesh ji called after
    his discussion with
    ved prakash ji
    We had sent a mail last week to deutch bank t o give noc they need
    a draft of gift deed t o check with there legal department n then wil
    give noc
    Meantime discusd with lawyers for all points raised by vinay ji n
    afresh gift deed draft wil b shared soon n after is approved wil send
    to bank fr required noc
    Rgds Bimal bijay
    [29/11/21, 9:33:53 AM] Bimal Mawandia : Mahesh ji called as per
    his talk with Chiripal ji
    Since there was no news I have some meetings i n first half tday n
    available 4 pm onwards if vishal wants to come he might come to
    see things
    ****
    [29/11/21, 8:18:21 PM] Bimal Mawandia: Transfer Deed 2 Bimal
    Ji.docx <attached:

    00000253 – Transfer Deed 2 Bimal Ji.docx>
    [29/11/21, 8:18:21 PM I Bimal Mawandia : Transfer Deed Plot
    DLF III (4) .doc
    <attached: 00000254-Transfer Deed Plot DLF III (4) . doc>
    [29/11/21, 8:19:08 PM] Bimal Mawandia : Two transfer deeds r
    attached once given ok
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 9 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    wil send to deutch bank to give noc
    [29/11/21, 8:21:40 PM] Bimal Mawandia : db repy.pdf • 1 page
    <attached: 00000256 – db
    repy . pdf>
    [29/11/21, 8:21:40 PM] Bimal Mawandia: A 175 A. docx
    <attached : 00000257-A 175A.doc x>
    ****
    For Sushantlok home respected punches had given an award as
    well some comments r also from them and accordingly movable
    furniture etc can b taken away by vishal and this Sd b in one go n
    in a period of 1-2 days
    ****
    [08/12/21} 7:05:23 PM] Vinay Ji Correct No: draft 2.pdf • 3 pages
    <attached:

    00000262-draft 2.pdf>
    ****
    [10/12/21, 2:53:11 PM] Bimal Mawandia: Transfer Deed Plot DLF
    III (4) (l).doc
    <attached: 00000267-Transfer Deed Plot DLF III (4) (1).doc>
    [10/12/21, 2:53:11 PM] Bimal Mawandia : Transfer Deed 2 Bimal
    Ji.docx <attached:

    00000268-Transfer Deed 2 Bimal Ji.docx>
    ****
    [13/02/22, 11:31:12 AM] Bimal Mawandia : Sushantlok home
    Vishal has come to collect first round goods from here
    [13/02/22, 8:00:33 PM] Bimal Mawandia: Vishal visited
    Sushantlok home n took partial things from home in one truck n
    two cars
    Just FYI only
    [17/02/22, 11:25:25 AM] Bimal Mawandia: From second floor
    vishal had taken
    everything n emptied the room except one bed which he can take
    any time
    He also wants to take fixed treys in Almiras in the dressing area of
    his room n he
    can take these treys also any time
    Basement n Vinay’s ji room is still with them‖

    16. It would further be submitted that the Impugned Award has
    been passed with the consent of the parties and after deliberations
    between the parties, taking into consideration the original MoU that
    was entered into between them and therefore, the Petitioner cannot
    now seek to challenge the Impugned Award that he himself consented
    to.

    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 10 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27

    17. As regards the objections pertaining to Mrs. Madhu Mawandia,
    it would be submitted by the learned counsel on behalf of the
    Respondents that not only was Mrs. Madhu Mawandia aware of the
    arbitral proceedings, but she also participated and made submissions
    before the learned Tribunal. It would further be argued that just like
    the Petitioner herein, Mrs. Madhu Mawandia has reaped benefits from
    the Impugned Award and the doctrine of approbate and reprobate
    would squarely apply to Mrs. Madhu Mawandia as after accepting the
    Award and deriving benefit thereunder, they cannot be permitted to
    challenge the same on any ground.

    18. It would lastly be submitted that the reliance of the Petitioner on
    the fact that the signed copy of the Award was never received by Mr.
    Vinay Mawandia cannot be considered as a ground to extend
    limitation when despite possessing knowledge of the Award and
    having acknowledged the same on the WhatsApp and even receiving
    benefit of the same, Mr. Vinay Mawandia did not make any attempt to
    seek a signed copy of the Award from the learned Arbitral Tribunal.

    19. Even otherwise, it would be submitted that this objection cannot
    now be canvassed after having accepted the Award and after having
    taken steps in furtherance of its terms and having reaped benefits from
    the same.

    ANALYSIS:

    20. This Court has carefully considered the submissions advanced
    on behalf of both sides and, with their able assistance, perused the
    Impugned Award as well as the materials placed before this Court.

    21. At the outset, it is apposite to note that this Court remains
    conscious of the limited scope of its jurisdiction while examining an
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 11 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    objection petition under Section 34 of the A&C Act. There is a
    consistent and evolving line of precedents whereby the Hon’ble
    Supreme Court has authoritatively delineated and settled the contours
    of judicial intervention in such proceedings.

    22. In this regard, a three-Judge Bench of the Hon’ble Supreme
    Court, after an exhaustive consideration of a catena of earlier
    judgments, in OPG Power Generation (P) Ltd. v. Enexio Power
    Cooling Solutions (India) (P) Ltd.10
    , while dealing with the grounds
    of conflict with the public policy of India and patent illegality,
    grounds which have also been urged in the present case, made certain
    pertinent observations, which are reproduced hereunder:

    “Relevant legal principles governing a challenge to an arbitral
    award

    30. Before we delve into the issue/sub-issues culled out above, it
    would be useful to have a look at the relevant legal principles
    governing a challenge to an arbitral award. Recourse to a court
    against an arbitral award may be made through an application for
    setting aside such award in accordance with sub-sections (2), (2-A)
    and (3) of Section 34 of the 1996 Act. Sub-section (2) of Section
    34
    has two clauses, (a) and (b). Clause (a) has five sub-clauses
    which are not relevant to the issues raised before us. Insofar as
    clause (b) is concerned, it has two sub-clauses, namely, (i) and (ii).
    Sub-clause (i) of clause (b) is not relevant to the controversy in
    hand. Sub-clause (ii) of clause (b) provides that if the Court finds
    that the arbitral award is in conflict with the public policy of India,
    it may set aside the award.

    Public policy

    31. ―Public policy‖ is a concept not statutorily defined, though it
    has been used in statutes, rules, notification, etc. since long, and is
    also a part of common law. Section 23 of the Contract Act, 1872
    uses the expression by stating that the consideration or object of an
    agreement is lawful, unless, inter alia, opposed to public policy.
    That is, a contract which is opposed to public policy is void.

    *****

    37. What is clear from above is that for an award to be against
    public policy of India a mere infraction of the municipal laws of
    India is not enough. There must be, inter alia, infraction of

    10
    (2025) 2 SCC 417
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 12 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    fundamental policy of Indian law including a law meant to serve
    public interest or public good.

    *****
    The 2015 Amendment in Sections 34 and 48

    42. The aforementioned judicial pronouncements were all prior to
    the 2015 Amendment. Notably, prior to the 2015 Amendment the
    expression ―in contravention with the fundamental policy of Indian
    law‖ was not used by the legislature in either Section 34(2)(b)(ii)
    or Section 48(2)(b). The pre-amended Section 34(2)(b)(ii) and its
    Explanation read:

    *****

    44. By the 2015 Amendment, in place of the old Explanation to
    Section 34(2)(b)(ii), Explanations 1 and 2 were added to remove
    any doubt as to when an arbitral award is in conflict with the public
    policy of India.

    45. At this stage, it would be pertinent to note that we are dealing
    with a case where the application under Section 34 of the 1996 Act
    was filed after the 2015 Amendment, therefore the newly
    substituted/added Explanations would apply [Ssangyong Engg. &
    Construction Co. Ltd. v. NHAI
    , (2019) 15 SCC 131].

    46. The 2015 Amendment adds two Explanations to each of the
    two sections, namely, Section 34(2)(b)(ii) and Section 48(2)(b), in
    place of the earlier Explanation. The significance of the newly
    inserted Explanation 1 in both the sections is two-fold. First, it
    does away with the use of words : (a) ―without prejudice to the
    generality of sub-clause (ii)‖ in the opening part of the pre-

    amended Explanation to Section 34(2)(b)(ii); and (b) ―without
    prejudice to the generality of clause (b) of this section‖ in the
    opening part of the pre-amended Explanation to Section 48(2)(b);
    secondly, it limits the expanse of public policy of India to the three
    specified categories by using the words ―only if‖.
    Whereas, Explanation 2 lays down the standard for adjudging
    whether there is a contravention with the fundamental policy of
    Indian law by providing that a review on merits of the dispute shall
    not be done. This limits the scope of the enquiry on an application
    under either Section 34(2)(b)(ii) or Section 48(2)(b) of the 1996
    Act.

    47. The 2015 Amendment by inserting sub-section (2-A) in Section
    34
    , carves out an additional ground for annulment of an arbitral
    award arising out of arbitrations other than international
    commercial arbitrations. Sub-section (2-A) provides that the Court
    may also set aside an award if that is vitiated by patent illegality
    appearing on the face of the award. This power of the Court is,
    however, circumscribed by the proviso, which states that an award
    shall not be set aside merely on the ground of an erroneous
    us application of the law or by reappreciation of evidence.
    application of the law or by reappreciation of evidence.

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    48. Explanation 1 to Section 34(2)(b)(ii), specifies that an arbitral
    award is in conflict with the public policy of India, only if:

    (i) the making of the award was induced or affected by fraud or
    corruption or was in violation of Section 75 or Section 81; or

    (ii) it is in contravention with the fundamental policy of Indian
    law; or

    (iii) it is in conflict with the most basic notions of morality or
    justice.

    49. In the instant case, there is no allegation that the making of the
    award was induced or affected by fraud or corruption, or was in
    violation of Section 75 or Section 81. Therefore, we shall confine
    our exercise in assessing as to whether the arbitral award is in
    contravention with the fundamental policy of Indian law, and/or
    whether it conflicts with the most basic notions of morality or
    justice. Additionally, in the light of the provisions of sub-section
    (2-A) of Section 34, we shall examine whether there is any patent
    illegality on the face of the award.

    50. Before undertaking the aforesaid exercise, it would be apposite
    to consider as to how the expressions:

    (a) ―in contravention with the fundamental policy of Indian law‖;

    (b) ―in conflict with the most basic notions of morality or justice‖;

    and

    (c) ―patent illegality‖ have been construed.

    In contravention with the fundamental policy of Indian law

    51. As discussed above, till the 2015 Amendment the expression
    ―in contravention with the fundamental policy of Indian law‖ was
    not found in the 1996 Act. Yet, in Renusagar Power Co.
    Ltd. v. General Electric Co.
    , 1994 Supp (1) SCC 644, in the
    context of enforcement of a foreign award, while construing the
    phrase ―contrary to the public policy‖, this Court held that for a
    foreign award to be contrary to public policy mere contravention of
    law would not be enough rather it should be contrary to:

    (a) the fundamental policy of Indian law; and/or

    (b) the interest of India; and/or

    (c) justice or morality.

    *****

    55. The legal position which emerges from the aforesaid discussion
    is that after ―the 2015 Amendments‖ in Section 34(2)(b)(ii) and
    Section 48(2)(b) of the 1996 Act, the phrase ―in conflict with the
    public policy of India‖ must be accorded a restricted meaning in
    terms of Explanation 1. The expression ―in contravention with the
    fundamental policy of Indian law‖ by use of the word
    ―fundamental‖ before the phrase ―policy of Indian law‖ makes the
    expression narrower in its application than the phrase ―in
    contravention with the policy of Indian law‖, which means mere
    contravention of law is not enough to make an award vulnerable.
    To bring the contravention within the fold of fundamental policy of
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    Indian law, the award must contravene all or any of such
    fundamental principles that provide a basis for administration of
    justice and enforcement of law in this country.

    56. Without intending to exhaustively enumerate instances of such
    contravention, by way of illustration, it could be said that:

    (a) violation of the principles of natural justice;

    (b) disregarding orders of superior courts in India or the binding
    effect of the judgment of a superior court; and

    (c) violating law of India linked to public good or public interest,
    are considered contravention of the fundamental policy of
    Indian law.

    However, while assessing whether there has been a contravention
    of the fundamental policy of Indian law, the extent of judicial
    scrutiny must not exceed the limit as set out in Explanation 2 to
    Section 34(2)(b)(ii).

    *****
    Patent illegality

    65. Sub-section (2-A) of Section 34 of the 1996 Act, which was
    inserted by the 2015 Amendment, provides that an arbitral award
    not arising out of international commercial arbitrations, may also
    be set aside by the Court, if the Court finds that the award is visited
    by patent illegality appearing on the face of the award. The proviso
    to sub-section (2-A) states that an award shall not be set aside
    merely on the ground of an erroneous application of the law or by
    reappreciation of evidence.

    66. In ONGC Ltd. v. Saw Pipes Ltd., (2003) 5 SCC 705, while
    dealing with the phrase ―public policy of India‖ as used in Section
    34
    , this Court took the view that the concept of public policy
    connotes some matter which concerns public good and public
    interest. If the award, on the face of it, patently violates statutory
    provisions, it cannot be said to be in public interest. Thus, an award
    could also be set aside if it is patently illegal. It was, however,
    clarified that illegality must go to the root of the matter and if the
    illegality is of trivial nature, it cannot be held that award is against
    public policy.

    67. In Associate Builders v. DDA, (2015) 3 SCC 49, this Court
    held that an award would be patently illegal, if it is contrary to:

    (a) substantive provisions of law of India;

    (b) provisions of the 1996 Act; and

    (c) terms of the contract [See also three-Judge Bench decision of
    this Court in State of Chhattisgarh v. SAL Udyog (P) Ltd.,
    (2022) 2 SCC 275].

    The Court clarified that if an award is contrary to the substantive
    provisions of law of India, in effect, it is in contravention of
    Section 28(1)(a) of the 1996 Act. Similarly, violating terms of the
    contract, in effect, is in contravention of Section 28(3) of the 1996
    Act.

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    68. In Ssangyong Engg. & Construction Co. Ltd. v. NHAI, (2019)
    15 SCC 131 this Court specifically dealt with the 2015
    Amendment which inserted sub-section (2-A) in Section 34 of the
    1996 Act. It was held that ―patent illegality appearing on the face
    of the award‖ refers to such illegality as goes to the root of matter,
    but which does not amount to mere erroneous application of law.
    It
    was also clarified that what is not subsumed within ―the
    fundamental policy of Indian law‖, namely, the contravention of a
    statute not linked to ―public policy‖ or ―public interest‖, cannot be
    brought in by the backdoor when it comes to setting aside an award
    on the ground of patent illegality [ See Ssangyong Engg. &
    Construction Co. Ltd. v. NHAI
    , (2019) 15 SCC 131].
    Further, it
    was observed, reappreciation of evidence is not permissible under
    this category of challenge to an arbitral award [See Ssangyong
    Engg. & Construction Co. Ltd. v. NHAI
    , (2019) 15 SCC 131].
    Perversity as a ground of challenge

    69. Perversity as a ground for setting aside an arbitral award was
    recognised in ONGC Ltd. v. Western Geco International Ltd.,
    (2014) 9 SCC 263. Therein it was observed that an arbitral
    decision must not be perverse or so irrational that no reasonable
    person would have arrived at the same. It was observed that if an
    award is perverse, it would be against the public policy of India.

    70. In Associate Builders v. DDA, (2015) 3 SCC 49 certain tests
    were laid down to determine whether a decision of an Arbitral
    Tribunal could be considered perverse. In this context, it was
    observed that where:

    (i) a finding is based on no evidence; or

    (ii) an Arbitral Tribunal takes into account something irrelevant to
    the decision which it arrives at; or

    (iii) ignores vital evidence in arriving at its decision, such decision
    would necessarily be perverse.

    However, by way of a note of caution, it was observed that when a
    court applies these tests it does not act as a court of appeal and,
    consequently, errors of fact cannot be corrected. Though, a
    possible view by the arbitrator on facts has necessarily to pass
    muster as the arbitrator is the ultimate master of the quantity and
    quality of evidence to be relied upon. It was also observed that an
    award based on little evidence or on evidence which does not
    measure up in quality to a trained legal mind would not be held to
    be invalid on that score.

    71. In Ssangyong Engg. & Construction Co. Ltd. v. NHAI, (2019)
    15 SCC 131, which dealt with the legal position post the 2015
    Amendment in Section 34 of the 1996 Act, it was observed that a
    decision which is perverse, while no longer being a ground for
    challenge under ―public policy of India‖, would certainly amount
    to a patent illegality appearing on the face of the award. It was
    pointed out that an award based on no evidence, or which ignores
    vital evidence, would be perverse and thus patently illegal.
    It was
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    also observed that a finding based on documents taken behind the
    back of the parties by the arbitrator would also qualify as a
    decision based on no evidence inasmuch as such decision is not
    based on evidence led by the parties, and therefore, would also
    have to be characterised as perverse [ See Ssangyong Engg. &
    Construction Co. Ltd. v. NHAI
    , (2019) 15 SCC 131].

    72. The tests laid down in Associate Builders v. DDA, (2015) 3
    SCC 49 to determine perversity were followed in Ssangyong
    Engg. & Construction Co. Ltd. v. NHAI
    , (2019) 15 SCC 131 and
    later approved by a three-Judge Bench of this Court in Patel Engg.
    Ltd. v. North Eastern Electric Power Corpn. Ltd.
    , (2020) 7 SCC

    167.

    73. In a recent three-Judge Bench decision of this Court in DMRC
    Ltd. v. Delhi Airport Metro Express (P) Ltd., (2024) 6 SCC 357,
    the ground of patent illegality/perversity was delineated in the
    following terms: (SCC p. 376, para 39)
    ―39. In essence, the ground of patent illegality is available
    for setting aside a domestic award, if the decision of the
    arbitrator is found to be perverse, or so irrational that no
    reasonable person would have arrived at it; or the
    construction of the contract is such that no fair or
    reasonable person would take; or, that the view of the
    arbitrator is not even a possible view. A finding based on
    no evidence at all or an award which ignores vital
    evidence in arriving at its decision would be perverse and
    liabe to be set aside under the head of ―patent illegality‖.
    An award without reasons would suffer from patent
    illegality. The arbitrator commits a patent illegality by
    deciding a matter not within its jurisdiction or violating a
    fundamental principle of natural justice.‖
    Scope of interference with an arbitral award

    74. The aforesaid judicial precedents make it clear that while
    exercising power under Section 34 of the 1996 Act the Court does
    not sit in appeal over the arbitral award. Interference with an
    arbitral award is only on limited grounds as set out in Section 34 of
    the 1996 Act. A possible view by the arbitrator on facts is to be
    respected as the arbitrator is the ultimate master of the quantity and
    quality of evidence to be relied upon. It is only when an arbitral
    award could be categorised as perverse, that on an error of fact an
    arbitral award may be set aside. Further, a mere erroneous
    application of the law or wrong appreciation of evidence by itself
    is not a ground to set aside an award as is clear from the provisions
    of sub-section (2-A) of Section 34 of the 1996 Act.

    75. In Dyna Technologies (P) Ltd. v. Crompton Greaves Ltd.,
    (2019) 20 SCC 1, paras 27-43, a three-Judge Bench of this Court
    held that courts need to be cognizant of the fact that arbitral awards
    are not to be interfered with in a casual and cavalier manner, unless
    the court concludes that the perversity of the award goes to the root
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    of the matter and there is no possibility of an alternative
    interpretation that may sustain the arbitral award. It was observed
    that jurisdiction under Section 34 cannot be equated with the
    normal appellate jurisdiction. Rather, the approach ought to be to
    respect the finality of the arbitral award as well as party’s
    autonomy to get their dispute adjudicated by an alternative forum
    as provided under the law.‖
    e to respect the finality of the arbitral award as well as party’s
    autonomy to get their dispute adjudicated by an alternative forum
    as provided under the law.‖

    23. The principal questions that arise for consideration in the
    present Petition are: (i) whether the present Petition under Section 34
    of the A&C Act is barred by limitation; and (ii) if not, whether the
    Interim Award dated 13.11.2021 suffers from any infirmity warranting
    interference under Section 34 of the A&C Act.

    24. Since the issue of limitation goes to the very root of the
    maintainability of the present Petition, this Court considers it
    appropriate to first examine whether the Petition has been instituted
    within the period prescribed under Section 34(3) of the A&C Act.
    Section 34 of the Act reads as under:

    ―34. Application for setting aside arbitral award.–

    ****
    (3) An application for setting aside may not be made after three
    months have elapsed from the date on which the party making that
    application had received the arbitral award or, if a request had been
    made under Section 33, from the date on which that request had
    been disposed of by the arbitral tribunal:

    Provided that if the Court is satisfied that the applicant was
    prevented by sufficient cause from making the application within
    the said period of three months it may entertain the application
    within a further period of thirty days, but not thereafter….‖

    25. The language employed by the legislature is explicit and
    mandatory. The expression ―but not thereafter‖ occurring in the
    proviso to Section 34(3) places a complete embargo on the power of
    the Court to condone delay beyond the additional period of thirty
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    days. This Court is guided by the Judgment of the Apex Court in
    Union of India v. Popular Construction Co. 11 wherein it has been
    held as follows:

    ―12. As far as the language of Section 34 of the 1996 Act is
    concerned, the crucial words are ―but not thereafter‖ used in the
    proviso to sub-section (3). In our opinion, this phrase would
    amount to an express exclusion within the meaning of Section
    29(2)
    of the Limitation Act, and would therefore bar the
    application of Section 5 of that Act. Parliament did not need to go
    further. To hold that the court could entertain an application to set
    aside the award beyond the extended period under the proviso,
    would render the phrase ―but not thereafter‖ wholly otiose. No
    principle of interpretation would justify such a result.‖
    ****

    16. ―Furthermore, Section 34(1) itself provides that recourse to a
    court against an arbitral award may be made only by an application
    for setting aside such award ―in accordance with‖ sub-section (2)
    and sub-section (3). Sub-section (2) relates to grounds for setting
    aside an award and is not relevant for our purposes. But an
    application filed beyond the period mentioned in Section 34, sub-

    section (3) would not be an application ―in accordance with‖ that
    sub-section. Consequently, by virtue of Section 34(1), recourse to
    the court against an arbitral award cannot be made beyond the
    period prescribed.‖

    26. This Court is further guided by the Judgment of the Hon’ble
    Supreme Court in Simplex Infrastructure Ltd. v. Union of India12,
    wherein the following has been held:

    ―18. A plain reading of sub-section (3) along with the proviso to
    Section 34 of the 1996 Act, shows that the application for setting
    aside the award on the grounds mentioned in sub-section (2) of
    Section 34 could be made within three months and the period can
    only be extended for a further period of thirty days on showing
    sufficient cause and not thereafter. The use of the words ―but not
    thereafter‖ in the proviso makes it clear that the extension cannot
    be beyond thirty days. Even if the benefit of Section 14 of the
    Limitation Act is given to the respondent, there will still be a delay
    of 131 days in filing the application. That is beyond the strict
    timelines prescribed in sub-section (3) read along with the proviso
    to Section 34 of the 1996 Act. The delay of 131 days cannot be

    11
    (2001) 8 SCC 470
    12
    (2019) 2 SCC 455
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    condoned. To do so, as the High Court did, is to breach a clear
    statutory mandate.

    19. The respondent received the arbitral award on 31-10-2014.
    Exactly ninety days after the receipt of the award, the respondent
    filed an application under Section 34 of the 1996 Act before the
    District Judge, Port Blair on 30-1-2015. On 12-2-2016, the District
    Judge dismissed the application for want of jurisdiction and on 28-
    3-2016, the respondent filed an application before the High Court
    under Section 34 of the 1996 Act for setting aside the arbitral
    award. After the order of dismissal of the application by the
    District Judge, the respondent took almost 44 days (excluding the
    date of dismissal of the application by the District Judge and the
    date of filing of application before the High Court) in filing the
    application before the High Court. Hence, even if the respondent is
    given the benefit of the provision of Section 14 of the Limitation
    Act in respect of the period spent in pursuing the proceedings
    before the District Judge, Port Blair, the petition under Section 34
    was filed much beyond the outer period of ninety days.‖

    27. Section 34(3) of the A&C Act prescribes that an application for
    setting aside an arbitral award may not be made after three months
    have elapsed from the date on which the party making the application
    had received the arbitral award. The proviso empowers the Court to
    condone a further delay of only thirty days upon sufficient cause being
    shown, but expressly prohibits condonation beyond the said period. It
    is now well settled that the limitation prescribed under Section 34(3)
    is mandatory and admits of no further extension.

    28. The principal contention of the Petitioner is that no signed copy
    of the Award was ever delivered to him in terms of Section 31(5) of
    the A&C Act and, therefore, the period of limitation never
    commenced. It has further been contended that the Petitioner became
    aware of the signed Impugned Award only upon receipt of the
    Execution Petition filed by the Respondents.

    29. This contention, though attractive at first blush, does not merit
    acceptance in the peculiar facts of the present case. The material
    placed on record unmistakably demonstrates that immediately after
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    the Award was uploaded in the WhatsApp group created for resolution
    of the disputes, the Petitioner acknowledged receipt thereof by
    responding “Noted thanks”. Such acknowledgement was not a mere
    formal response but was followed by continuous discussions amongst
    the parties regarding the implementation of the Award.

    30. The WhatsApp conversations placed on record reveal that
    subsequent to the Impugned Award dated 13.11.2021, the parties
    actively deliberated upon preparation of gift deeds, transfer deeds,
    obtaining No Objection Certificates from the lending bank, removal of
    movables from the subject property and other consequential steps
    necessary for implementation of the Impugned Award.

    31. Significantly, these discussions were not unilateral
    communications by the Respondents but involved active participation
    of the Petitioner, who not only raised conditions regarding execution
    of the transfer documents but also suggested modifications to the draft
    deeds. Such conduct unequivocally establishes that the Petitioner had
    accepted the existence of the Impugned Award and consciously acted
    upon the same.

    32. Even assuming that the Petitioner had not received a signed
    copy of the Impugned Award, the conduct of the Petitioner assumes
    considerable significance. Having admittedly become aware of the
    Impugned Award in November, 2021, the Petitioner neither addressed
    any communication to the learned Arbitral Tribunal seeking a signed
    copy of the Impugned Award nor raised any grievance regarding non-
    compliance with Section 31(5) of the A&C Act for nearly two years.
    The plea regarding non-delivery of the signed Impugned Award
    surfaced only after the Respondents initiated execution proceedings.

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    Such conduct disentitles the Petitioner from invoking the equitable
    jurisdiction of this Court.

    33. The doctrine that a litigant cannot approbate and reprobate is
    founded upon the elementary principle that one who knowingly
    accepts benefits flowing from a transaction cannot subsequently
    challenge the validity of the very transaction. The material on record
    demonstrates that the Petitioner actively participated in implementing
    the Award, negotiated the modalities of transfer, insisted upon
    fulfilment of conditions before execution of deeds and permitted
    implementation of various directions contained therein. Having
    elected to act upon the Impugned Award and derive benefits
    therefrom, it does not now lie in the mouth of the Petitioner to contend
    that the Impugned Award is void or non est.

    34. Further, the material on record also indicates that the arbitral
    proceedings were initiated mutually and with the consent of all the
    parties. The Parties have, in the Arbitration Agreement, also stated
    that the decision of the learned Tribunal would be final and binding on
    the parties. Therefore, it cannot now be canvassed by the Petitioner
    that there was no consensus ad idem as to the arbitral proceedings and
    the resultant Award. This Court is guided by the judgment in
    Midpoint Commodeal Private Limited v Fidatocity Homes Private
    Limited & Ors.13
    wherein it has been held as under:

    ―35. More particularly, this Court is required to examine
    whether there existed a mutual and unequivocal intention on the
    part of the parties not only to undertake defined contractual
    obligations inter se, but also to submit any disputes arising
    therefrom to arbitration in terms of a valid arbitration agreement
    within the meaning of Section 7 of the A&C Act. At this juncture,
    this Court deems it appropriate to reproduce Section 7 of the A&C
    Act, which reads as follows:

    13

    2026 SCC OnLine Del 4476
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    “7. Arbitration agreement. – (1) In this Part, ―arbitration
    agreement‖ means an agreement by the parties to submit
    to arbitration all or certain disputes which have arisen or
    which may arise between them in respect of a defined
    legal relationship, whether contractual or not.

    (2) An arbitration agreement may be in the form of an
    arbitration clause in a contract or in the form of a separate
    agreement.

    (3) An arbitration agreement shall be in writing.
    (4) An arbitration agreement is in writing if it is contained
    in-

    (a) a document signed by the parties;

    (b) an exchange of letters, telex, telegrams or
    other means of
    telecommunication including
    communication through electronic means
    which provide a record of the agreement;

    or

    (c) an exchange of statements of claim and
    defence in which the existence of the
    agreement is alleged by one party and not
    denied by the other.

    (5) The reference in a contract to a document containing
    an arbitration clause constitutes an arbitration agreement if
    the contract is in writing and the reference is such as to
    make that arbitration clause part of the contract.‖

    36. At this stage, it would be apposite to advert to the
    foundational principles embodied in the Indian Contract Act,
    187214, which govern the formation and enforceability of contracts
    in law. Section 2(e) of the ICA defines an ―agreement‖ to mean
    ―every promise and every set of promises, forming the
    consideration for each other.‖ The statutory definition itself makes
    it abundantly clear that the existence of reciprocal promises
    founded upon mutual assent forms the very basis of a legally
    recognizable agreement.

    37. Further, Section 2(b) of the ICA stipulates that when a
    proposal is accepted, it becomes a promise. Thus, the essence of a
    legally binding agreement lies in the existence of a lawful proposal
    meeting with an absolute, unconditional, and unequivocal
    acceptance. The statutory scheme under Section 2 of the ICA
    clearly postulates that contractual obligations arise only where
    there exists a clear manifestation of assent by the parties to the
    same proposal. For ready reference, the relevant extracts of Section
    2
    of the ICA are reproduced herein below:

    14

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    “2. Interpretation clause. – In this Act the following
    words and expressions are used in the following senses,
    unless a contrary intention appears from the context:–

    (a) When one person signifies to another his willingness to
    do or to abstain from doing anything, with a view to
    obtaining the assent of that other to such act or
    abstinence, he is said to make a proposal;

    (b) When the person to whom the proposal is made
    signifies his assent thereto, the proposal is said to be
    accepted. A proposal, when accepted, becomes a
    promise;

    (c) The person proposing is called the ―promisor‖, and the
    person accepting the proposal is called the ―promisee‖;

    (d) When, at the desire of the promisor, the promisee or
    any other person has done or abstained from doing or
    does or abstains from doing, or promises to do or to
    abstain from doing, something, such act or abstinence
    or promise is called a consideration for the promise;

    (e) Every promise and every set of promises, forming the
    consideration for each other, is an agreement;

    (f) Promises which form the consideration or part of the
    consideration for each other, are called reciprocal
    promises;

    (g) An agreement not enforceable by law is said to be
    void;

    (h) An agreement enforceable by law is a contract;

    (i) An agreement which is enforceable by law at the option
    of one or more of the parties thereto, but not at the
    option of the other or others, is a voidable contract;

    (j) A contract which ceases to be enforceable by law
    becomes void when it ceases to be enforceable.‖
    (emphasis supplied)

    38. In continuation thereof, Section 10 of the ICA provides that
    all agreements become enforceable in law only when they are
    made with the free consent of parties competent to contract, for
    lawful consideration and with a lawful object. The expression ―free
    consent‖ assumes considerable significance in the present context,
    for consent in the eyes of law cannot be equated with a unilateral
    understanding, subjective assumption, or uncommunicated
    intention of one of the parties. The statutory requirement is one of
    consensus ad idem, namely, meeting of minds between the parties
    upon the same thing in the same sense, as expressly postulated
    under Section 13 of the ICA. Sections 10 and 13 of the ICA read as
    follows:

    “10. What agreements are contracts. – All agreements
    are contracts if they are made by the free consent of
    parties competent to contract, for a lawful consideration

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    and with a lawful object, and are not hereby expressly
    declared to be void.

    Nothing herein contained shall affect any law in force
    in [India] and not hereby expressly repealed, by which
    any contract is required to be made in writing2or in the
    presence of witnesses, or any law relating to the
    registration of documents.‖
    *****
    “13. “Consent” defined.- Two or more persons are said
    to consent when they agree upon the same thing in the
    same sense.‖
    (emphasis supplied)

    39. The doctrine of consensus ad idem constitutes the very
    foundation and soul of binding terms between them. Unless it is
    demonstrated that the parties had mutually agreed upon the
    essential and material terms governing the transaction with
    certainty, clarity, and finality, no concluded agreement can be said
    to exist in the eyes of the law.‖

    35. Tested upon that anvil and in view of the material placed on
    record, this Court is of the considered opinion that the Impugned
    Award was not the outcome of a contested adjudicatory process but
    was rendered upon the consensus and mutual understanding arrived at
    between the parties. The Arbitration Agreement itself records the
    parties’ intention to amicably resolve their inter se disputes through
    the named Arbitrators, and the material placed before this Court,
    particularly the contemporaneous WhatsApp exchanges and the
    conduct of the parties after the passing of the Impugned Award,
    clearly establishes that the Impugned Award embodied the mutually
    agreed terms of settlement.

    36. The parties thereafter proceeded to act upon the Impugned
    Award by exchanging draft transfer deeds, discussing modalities of
    implementation, seeking No Objection Certificates from the lending
    bank and taking steps towards transfer of possession and ownership in
    accordance with the directions contained therein.

    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 25 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27

    37. Having consciously accepted the Impugned Award as a
    consensual resolution of their disputes and having acted upon the
    same without protest, the Petitioner cannot now be permitted to
    approbate and reprobate by questioning the very Award which had
    been accepted and sought to be implemented.

    38. A consensual and mutually accepted award carries with it a
    higher degree of sanctity, and absent any allegation of fraud, coercion
    or vitiating circumstances, a party cannot be permitted to resile from
    the settlement merely because it has subsequently had a change of
    heart. The present challenge, therefore, is not only barred by limitation
    but is also contrary to the Petitioner’s own conduct, which
    unequivocally demonstrates acceptance of the Impugned Award as a
    binding and consensual determination of the disputes.

    39. Equally significant is the fact that the present Petition is not
    accompanied by any application seeking condonation of delay. Even
    in the body of the Petition, no satisfactory explanation has been
    furnished accounting for the inordinate delay of more than two years
    from the date on which the Petitioner admittedly acquired knowledge
    of the Impugned Award and acknowledged the same. The pleadings
    are conspicuously silent as to why no steps whatsoever were taken
    during this entire period either to obtain a signed copy or to challenge
    the Impugned Award. The complete absence of any explanation
    further reinforces the Respondents’ contention that the present
    challenge is merely an afterthought devised after the institution of
    execution proceedings.

    40. The conduct of the parties subsequent to the passing of the
    Impugned Award also assumes relevance. The record reveals that
    transfer documents were prepared, draft gift deeds were exchanged,
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 26 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    discussions with Deutsche Bank were undertaken for obtaining
    necessary clearances and possession of movable assets was partially
    acted upon. These acts unmistakably indicate that the parties
    themselves treated the Award as binding and proceeded to implement
    the same. The Petitioner’s participation in such implementation is
    wholly inconsistent with his present stand questioning the legality of
    the Impugned Award.

    41. The submission of the Petitioner that the Impugned Award is
    liable to be set aside as it contains directions affecting the rights of
    Mrs. Madhu Mawandia also deserves rejection.

    42. The Respondents have specifically placed on record that Mrs.
    Madhu Mawandia was fully aware of the arbitral proceedings and had
    participated therein. More importantly, the material on record
    indicates that she too accepted and acted upon the Impugned Award.
    Even otherwise, the present challenge has been instituted by the
    Petitioner and not by Mrs. Madhu Mawandia. The Petitioner cannot be
    permitted to assail the Impugned Award on behalf of a third person
    who has herself chosen not to question the Award.

    43. Likewise, the contention that the Impugned Award bears only
    two signatures cannot assist the Petitioner at this belated stage.
    Assuming that any procedural irregularity existed, the same was well
    within the Petitioner’s knowledge immediately upon receipt of the
    Award in November, 2021. Having accepted the Award and
    proceeded to implement it without demur, the Petitioner cannot raise
    such technical objections after an inordinate lapse of time solely
    because execution proceedings have been initiated.

    44. This Court is of the considered view that the entire course of
    conduct adopted by the Petitioner establishes acquiescence in the
    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 27 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    Impugned Award. The challenge has been mounted only after the
    Respondents sought enforcement of the Award through execution
    proceedings. Such conduct militates against the principles governing
    challenges to arbitral awards and is wholly inconsistent with the object
    of the A&C Act, which seeks to ensure finality and expeditious
    enforcement of arbitral awards.

    45. In view of the foregoing discussion, this Court holds that the
    Petitioner had complete knowledge of the Impugned Award
    immediately upon its pronouncement, acknowledged the same,
    actively participated in its implementation and accepted benefits
    flowing therefrom. The present Petition, instituted only after
    commencement of execution proceedings and unsupported by any
    application seeking condonation of delay or any satisfactory
    explanation for the prolonged inaction, is hopelessly barred by
    limitation under Section 34(3) of the A&C Act.

    46. Consequently, the present Objection Petition is liable to be
    dismissed as being barred by limitation alone.

    DECISION:

    I. O.M.P. 3/2024

    47. In view of the foregoing discussion and having held that the
    present Objection Petition is barred by limitation, this Court does not
    consider it either necessary or appropriate to examine the merits of the
    various grounds urged by the Petitioner for setting aside the Impugned
    Award under Section 34 of the A&C Act.

    48. Consequently, the Objection Petition, along with all pending
    application(s), if any, stands dismissed as being barred by limitation.

    49. No Order as to costs.

    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 28 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27
    II. EX.P. 82/2023

    50. In view of the judgment rendered in the connected Objection
    Petition dismissing the challenge to the Interim Award, this Court
    finds no legal impediment to proceeding further with the present
    Execution Petition.

    51. Consequently, the Judgment Debtor is directed to transfer the
    property bearing No. A-175, Sushant Lok, Phase-I, Gurugram, being
    the subject property, in favour of the Decree Holders in terms of
    Direction No. 2 of the Interim Award and in accordance with the
    procedure and mechanism stipulated in Directions 2(A) to 2(F)
    thereof, within a period of six weeks from today.

    52. List the matter before the Roster Bench on 20.08.2026 for
    necessary compliance.

    HARISH VAIDYANATHAN SHANKAR, J.

    JULY 06, 2026/va

    Signature Not Verified
    Digitally Signed
    By:HARVINDER KAUR O.M.P. 3/2024 & connected matter Page 29 of 29
    BHATIA
    Signing Date:08.07.2026
    11:03:27



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