Tlg India Pvt Ltd v. Netambit Home Options Pvt Ltd

$~15 & 16 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ O.M.P.(MISC.)(COMM.) 353/2023 TLG INDIA PVT LTD ..... Petitioner Through:

Ms. Grusha Mehta and Mr. Mukul Tyagi, Advocates.

versus NINEYARDS REALTY PVT LTD ..... Respondent Through:

Ms. Sanjana Srivastava, Adv.

+ O.M.P.(MISC.)(COMM.) 355/2023 TLG INDIA PVT LTD ..... Petitioner Through:

Ms. Grusha Mehta and Mr. Mukul Tyagi, Advocates.

versus NETAMBIT HOME OPTIONS PVT LTD ..... Respondent Through:

Ms. Sanjana Srivastava, Adv.

CORAM:

HON'BLE MR. JUSTICE PRATEEK JALAN

O R D E R

% 10.01.2024 1.

Both these petitions have been filed under Section 29A of the Arbitration and Conciliation Act, 1996 ["the Act"] for extension of the mandate of the learned Arbitrator, who is adjudicating disputes between the parties. The respondents are related parties and both entered into agreements with the petitioner on 14.05.2013. The arbitral proceedings are also pending before the same learned Arbitrator and are at the stage of evidence. The arbitral proceedings were adjourned sine die by order dated O.M.P.(MISC.)(COMM.) 353/2023 and connected matter 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 03/07/2025 at 04:24:51

26.05.2023 as petitions for extension of time had not yet been filed. 2.

With the consent of learned counsel for the parties, the petitions are allowed, and the mandate of the learned Arbitrator is extended for a period of six months from today.

3.

As the arbitral proceedings have been pending for fairly long and are still at the stage of evidence, learned counsel for the parties assure the Court that they will cooperate with the learned Arbitrator for disposal of the disputes within the time granted today.

4.

The petitions are disposed of with the aforesaid directions. PRATEEK JALAN, J JANUARY 10, 2024 SS/ O.M.P.(MISC.)(COMM.) 353/2023 and connected matter 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 03/07/2025 at 04:24:51