M/S Swastika Industries vs M/S National Research Development ...

ik-101943084 Delhi High Court 11 December 2025 • 33 min read

Judges (2)

V. Kameswar Rao Coram Vinod Kumar Delivered

Counsel (5)

Joydeep Sarma Counsel Respondent Kartik Counsel Appellant Lalit Verma Counsel Respondent Rana S. Biswas Counsel Appellant Yash Tripathi Counsel Appellant

Parties (2)

National Research Development Corporation Respondent Swastika Industries Appellant

Case Significance

M/S Swastika Industries vs M/S National Research Development ... is a Delhi High Court decision dated December 11, 2025 (citation: ik-101943084). The appellant challenged an arbitral award and the trial court's order refusing to set it aside in a licensing dispute with NRDC over technology for manufacturing bitumen emulsion. The Delhi High Court dismissed the appeal, finding no infirmity in the arbitral award which correctly held the appellant liable for unpaid royalties and interest at 18% per annum under the licensing agreement. The bench comprised Justices V. Kameswar Rao and Vinod Kumar. The judgment was delivered by Justice Vinod Kumar. Counsel appearing: Joydeep Sarma (counsel for respondent), Kartik (counsel for appellant), Lalit Verma (counsel for respondent), Rana S. Biswas (counsel for appellant), Yash Tripathi (counsel for appellant).

Summary

The appellant challenged an arbitral award and the trial court's order refusing to set it aside in a licensing dispute with NRDC over technology for manufacturing bitumen emulsion. The Delhi High Court dismissed the appeal, finding no infirmity in the arbitral award which correctly held the appellant liable for unpaid royalties and interest at 18% per annum under the licensing agreement.

What was the outcome of M/S Swastika Industries vs M/S National Research Development ...?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-101943084)