Indian Oil Corporation Limited v. Nayara Energy Limited(Formerly Known As Essar Oil Limited)

$~3(original side) * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 164/2020 INDIAN OIL CORPORATION LIMITED ..... Petitioner Through:

Ms. Ritu Bhalla, Mr. Manu Krishnan and Ms.

Medha Sachdev, Advs. with Ms. Kiran Dhingra, AR of petitioner versus NAYARA ENERGY LIMITED(FORMERLY KNOWN AS ESSAR OIL LIMITED) ..... Respondent Through:

Ms. Anuradha Mukherjee and Ms. Suchita Choudhry, Advs.

CORAM:

HON'BLE MR. JUSTICE C. HARI SHANKAR O R D E R (ORAL) % 31.07.2020 1.

This is a petition, preferred under sub-sections (4) and (5) of Section 29A of the the Arbitration and Conciliation Act, 1996, for extension of the time, available with the learned Arbitral Tribunal, for concluding the proceedings and making an award, by a period of fourteen months, w.e.f. 1st August, 2020.

2.

In view of the joint request made, the time available with the learned Arbitral Tribunal, to conclude the proceedings and make the award, stands extended till 31st October, 2021. 3.

The petition stands disposed of.

O.M.P.(MISC.)(COMM.) 164/2020

4.

As the petition stands disposed of, none of the objections raised, by the Registry, to the petition, survive for consideration. C. HARI SHANKAR, J.

JULY 31, 2020 dsn O.M.P.(MISC.)(COMM.) 164/2020