TCI Freight Loses Challenge Under Section 34 of Arbitration and Conciliation Act in Penalty Dispute Against Indian Oil Corporation Limited
The District Judge Commercial Court-01 at Patiala House Court, New Delhi dismissed the petition filed by TCI Freight against Indian Oil Corporation Limited and upheld the arbitral award dated 16 March 2024. The judgment was delivered on 25 May 2026 by Judge Pulastya Pramachala in a petition filed under Section 34 of Arbitration and Conciliation Act, 1996. Background of the Transport Contract Dispute The dispute started after Indian Oil Corporation…
