(1.) The present appeal has been filed under Sec. 37 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as 'the Act') by the appellant challenging the impugned order dtd. 7/11/2023 passed by the District Judge (Commercial Court)-03, South, Saket Delhi (hereinafter referred to as 'Commercial Court'), dismissing the application filed by the appellant/defendant under Sec. 8 of the Act in a suit for recovery filed by the respondent/plaintiff.
(2.) Briefly, the facts relevant for deciding the present appeal are as follows:
(3.) It is the case of the appellant that the respondent failed to complete the aforesaid work on time.