Technocrats Advisory Services Private Limited v. Union Of India Through Ministry Of Road Transport And Highways
$~40 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 317/2024 TECHNOCRATS ADVISORY SERVICES PRIVATE LIMITED ..... Petitioner Through:
Ms. Sonali Jain, Adv.
versus UNION OF INDIA THROUGH MINISTRY OF ROAD TRANSPORT AND HIGHWAYS ..... Respondent Through:
Mr. Farman Ali, SPC with Ms. Vidhi Gupta, GP, Ms. Usha Jamnal, Mr.
Krishan Kumar, Advs. for UOI.
CORAM:
HON'BLE MR. JUSTICE DINESH KUMAR SHARMA
O R D E R
% 25.04.2024 I.A. 9059/2024 1.
Exemption allowed, subject to all just exceptions. 2.
Application stands disposed of.
O.M.P.(MISC.)(COMM.) 317/2024 3.
By way of the present petition filed under Section 29A (4) and (5) of the Arbitration and Conciliation Act, 1996, the petitioner seeks extension of mandate of the Arbitral Tribunal by a period of one year for concluding the Arbitral proceedings and passing the Award. 4.
Learned counsel for the petitioner submits that the mandate of the Arbitral Tribunal has expired on 15.03.2024.
5.
Issue notice.
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6.
Learned counsel for the respondent accepts notice and submits that the respondent has no objection to the prayer made in the petition. 7.
Learned counsels for the parties submit that the arbitral proceedings are at the final stage.
8.
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 one year from today till 14.03.2025. Further, the period lapsed from 15.03.2024 till date is regularised.
9.
In view of the above, the present petition stands disposed of. DINESH KUMAR SHARMA, J APRIL 25, 2024/AR..
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 30/04/2024 at 12:25:15