Aggrieved Third Party Beneficiaries Of Domain Names Cannot Challenge Arbitration Award U/s 34 Of Arbitration Act: Delhi High Court

The Delhi High Court ruled that third-party beneficiaries of domain names cannot challenge an arbitration award under Section 34 of the Arbitration and Conciliation Act, 1996. The court held that only parties to the arbitration agreement have standing to challenge the award. The case involved Jindal Steel & Power Ltd. (JSPL) and Nspire Solutions Pvt. Ltd., where the arbitrator ordered the transfer of the domain name 'jsplsteel.in' to JSPL. The court dismissed the petition by Mr. Mukesh Udeshi, who claimed to be the beneficial owner of the domain name.