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High Court of DelhiO.M.P.(MISC.)(COMM.)/479/2024

Sunil Bansilal Raisoni & ANR. v. Bajaj Finserv Bajaj Finance Limited & ANR.

2024-07-01Hon'Ble Mr. Justice Prateek Jalan2 pages

$~10 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ O.M.P.(MISC.)(COMM.) 479/2024 SUNIL BANSILAL RAISONI & ANR.

..... Petitioners Through:

Mr. Kamlesh Ghumre, Ms. Sonali Jadhav, Ms.

Jaikriti Jadeja, Advocates.

versus BAJAJ FINSERV BAJAJ FINANCE LIMITED & ANR.

..... Respondents Through:

Mr.

Ramkrishna Veerendra, Advocate.

CORAM:

HON'BLE MR. JUSTICE PRATEEK JALAN

O R D E R

% 01.07.2024 I.A. 31872/2024 (for exemption) Exemption allowed, subject to all just exceptions. The application stands disposed of.

O.M.P.(MISC.)(COMM.) 479/2024 1.

This petition has been filed, under Section 29A of the Arbitration and Conciliation Act, 1996, seeking extension of the mandate of an Arbitral Tribunal, which is in seisin of disputes between the parties under a Loan Agreement dated 06.07.2015.

2.

An arbitrator was appointed by the Court by order dated 07.02.2022 in ARB.P. 14/2022. The pleadings in the arbitral proceedings were completed on 10.10.2022. The mandate of the learned Arbitral Tribunal was extended by mutual consent till 09.04.2024. O.M.P.(MISC.)(COMM.) 479/2024 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 04:26:25

3.

I am informed that the arbitration proceedings are at the stage of final arguments, but the petitioner has also filed an additional affidavit of evidence.

4.

Mr. Ramkrishna Veerendra, learned counsel, appears on advance notice on behalf of the respondent, and consents to the extension of the mandate of the learned Arbitrator.

4.

With the consent of learned counsel for the parties, the petition is allowed and the mandate of the learned Arbitrator is extended by six months from today.

5.

The petition stands disposed of in these terms. PRATEEK JALAN, J JULY 1, 2024 "Bhupi"/ O.M.P.(MISC.)(COMM.) 479/2024 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 04:26:25