Dmi Finance Private Limited v. Ms Gagan Lifespace & ORS.
$~75 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 149/2025 DMI FINANCE PRIVATE LIMITED .....Petitioner Through:
Mr. J.P. Sengh, Senior Advocate with Mr. Deepak Jain, Mr. Ishu Bansal and Ms. Anoushka, Advocates.
versus MS GAGAN LIFESPACE & ORS.
.....Respondents Through:
Mr. Diwakar Singh, Advocate.
CORAM:
HON'BLE MR. JUSTICE MANOJ KUMAR OHRI
O R D E R
% 24.02.2025 I.A. 4229/2025 (exemption) 1.
Allowed, subject to all just exceptions.
2.
The application stands disposed of.
O.M.P.(MISC.)(COMM.) 149/2025 1.
By way of the present petition filed under Section 29A of the Arbitration and Conciliation Act, 1996 ('A&C Act'), the petitioner seeks extension of the mandate of the Arbitral Tribunal by a period of one year with effect from 19.02.2025 for concluding the Arbitral proceedings and passing of the Award.
2.
Learned counsel for the petitioner submits that the mandate of the Arbitral Tribunal has expired on 19.02.2025.
3.
Issue notice.
4.
Learned counsel for the respondent accepts notice and submits that without prejudice to his rights and contentions, the respondent has no The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 28/02/2025 at 12:41:49
objection to the prayer made in the petition. 5.
Considering the aforesaid request and the no objection given by the other side, the present petition is allowed and the mandate of the Arbitral Tribunal is extended by a period of six months for concluding the Arbitral proceedings and passing the Award. Further, the proceedings of the Arbitral Tribunal conducted after the expiry of the mandate, i.e., from 19.02.2025 till date, if any, are validated and regularised.
6.
The present petition is disposed of in above terms. MANOJ KUMAR OHRI, J FEBRUARY 24, 2025/rd The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 28/02/2025 at 12:41:49