Randhawa Construction Private Limited v. Hcbs Promoters And Developers P. Ltd

$~33 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 502/2024 RANDHAWA CONSTRUCTION PRIVATE LIMITED .....Petitioner Through:

Mr Parmanand Yadav, Adv. (through VC) versus HCBS PROMOTERS AND DEVELOPERS P. LTD .....Respondent Through:

Mr Sankalp Goswami, Adv.

Mr Azhar Alam, Adv. (through VC)

CORAM:

HON'BLE MR. JUSTICE JASMEET SINGH

O R D E R

% 07.08.2024 1.

This is a petition under Section 29A(4) of the Arbitration and Conciliation Act, 1996 seeking extension of mandate of the Arbitral Tribunal by a period of 6 months for concluding the arbitral proceedings and passing the final award.

2.

It is stated that the arbitral proceedings is at the stage of final hearing on behalf of the respondents and the learned Arbitrator has also appointed a Forensic Auditor. Since, the mandate of the Arbitral Tribunal has expired on 28.06.2024, the present petition has been filed. 3.

Issue notice.

4.

Mr Goswami, learned counsel accepts notice on behalf of the respondent and states that he has no objection to the petition being allowed. 5.

For the reasons noted above, I am of the view that sufficient cause has 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 13/08/2024 at 12:36:13

been explained for the delay.

6.

The petition is allowed and the mandate of the Arbitral Tribunal is extended by a period of 6 months from today. The period from 28.06.2024 till today stands regularized.

7.

The petition is disposed of accordingly.

JASMEET SINGH, J AUGUST 7, 2024 sr Click here to check corrigendum, if any 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 13/08/2024 at 12:36:13