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High Court of DelhiO.M.P.(MISC.)(COMM.)/502/2025

Mb Power (Madhya Pradesh) Limited v. The New India Assurance Company Ltd.

2025-07-07Hon'Ble Ms. Justice Jyoti Singh2 pages

$~69 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 502/2025 MB POWER (MADHYA PRADESH) LIMITED .....Petitioner Through:

Ms. Manvi Adlakha, Ms. Subhadeep Basak, Ms. Shruti Mishra and Ms. Kunjala Bhardwaj, Advocates.

versus THE NEW INDIA ASSURANCE COMPANY LTD.

.....Respondent Through:

Mr. Bomi Patel, Mr. Naval Sharma, Mr. Saket Satapathy, Mr. Sarthak Behera, Ms.

Ishita Thakur and Ms. Prishny Aggarwal, Advocates.

CORAM:

HON'BLE MS. JUSTICE JYOTI SINGH

O R D E R

% 07.07.2025 1.

This petition is filed on behalf of the Petitioner under Section 29A (4) and (5) of the Arbitration and Conciliation Act, 1996 ('1996 Act') seeking extension of the mandate of the learned Arbitral Tribunal upto 28.02.2026. 2.

Disputes having arisen between the parties in relation to an Operation Large Risk Policy dated 15.05.2016, a three-member Arbitral Tribunal was constituted to adjudicate the disputes. Initial period of 12 months having expired, mandate of the Arbitral Tribunal was extended by six months on 09.12.2024 with the consent of the parties, which expires on 11.07.2025. It is stated in the petition that the arbitral proceedings are at the stage of crossexamination of Claimant's witness. O.M.P.(MISC.)(COMM.) 502/2025 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 14/07/2025 at 13:36:38

3.

Issue notice.

4.

Mr. Bomi Patel, learned counsel accepts notice on behalf of the Respondent and on instructions, submits that Respondent has no objection to the extension of mandate of the Arbitral Tribunal. 5.

Accordingly, with the consent of the parties, mandate of the Arbitral Tribunal is extended upto 28.02.2026 from 12.07.2025. 6.

Petition is allowed and disposed of in the aforesaid terms JYOTI SINGH, J JULY 7, 2025 S.Sharma O.M.P.(MISC.)(COMM.) 502/2025 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 14/07/2025 at 13:36:38