1. The present petitions have been filed under Section 34 of the
Arbitration and Conciliation Act, 1996 (hereafter the „Act‟) impugning the
arbitral award dated 30.01.2017 (hereafter the „impugned award‟). The
impugned award was rendered in the context of disputes that had arisen in
connection with the collaboration agreement dated 13.04.1993 (hereafter
‘the Agreement‟) entered into by Mr Satish Kumar Bajaj (since deceased)
(hereafter referred to as „Satish‟), Mr Harish Bajaj (hereafter referred to as
„Harish‟), Kumar Trading Corporation (hereafter „the Firm‟) and M/s M.
M. Builders (hereafter „the Builder‟). The Agreement was entered into for
the purposes of development of an industrial plot measuring 888 sq. yards
bearing no.1/2, Industrial Area, Najafgarh Road, Kirti Nagar, New Delhli
(hereafter „the property‟).
Source: Indian Kanoon