Delhi Metro Rail Corporation Limited v. M/S Ap Real Estates

$~20 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ O.M.P.(MISC.)(COMM.) 509/2024 DELHI METRO RAIL CORPORATION LIMITED .....Petitioner Through:

Mr. Rakseh Kumar, Advocate.

[M:-9811188090] versus M/S AP REAL ESTATES .....Respondent Through:

Mr. V.K. Ahuja, Advocate.

CORAM:

HON'BLE MR. JUSTICE PRATEEK JALAN

O R D E R

% 16.08.2024 1.

This petition has been filed, under Section 29A of the Arbitration and Conciliation Act, 1996, seeking extension of the mandate of the sole arbitrator, who is in seisin of disputes between the parties under a lease agreement dated 29.12.2005.

2.

It is stated in the petition that the mandate of the arbitral tribunal expired on 02.05.2024.

3.

I am informed that pleadings are complete and the proceedings are pending before the Collector of Stamps for validation of the sufficiency of the stamp duty on the lease agreement in terms of the order of the learned arbitrator dated 23.03.2024.

4.

Mr. V.K. Ahuja, learned counsel for the respondent, states that the respondent has no objection to the extension of time as sought, but the O.M.P.(MISC.)(COMM.) 509/2024 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 20/08/2024 at 12:56:43

contents of the petition are not admitted by the respondent. 5.

In view of the above, and with the consent of learned counsel for the parties, the petition is allowed, and the mandate of the arbitral tribunal is extended until 02.05.2025.

6.

The petition stands disposed of in these terms. PRATEEK JALAN, J AUGUST 16, 2024 'pv'/ O.M.P.(MISC.)(COMM.) 509/2024 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 20/08/2024 at 12:56:43