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High Court of DelhiO.M.P.(MISC.)(COMM.)/537/2025

Ratnagiri Gas And Power Private Limited v. National Insurance Company Limited

2025-07-16Hon'Ble Ms. Justice Jyoti Singh2 pages

$~80 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 537/2025 & I.A. 16552/2025 RATNAGIRI GAS AND POWER PRIVATE LIMITED .....Petitioner Through:

Mr. Puneet Taneja, Senior Advocate with Mr. Anil Kumar, Mr. Manmohan Singh Narula and Mr. Amit Yadav, Advocates.

versus NATIONAL INSURANCE COMPANY LIMITED .....Respondent Through:

Mr. Rajat Taimni, Mr. Sarthak Behera and Ms. Kavya Kumar, Advocates.

CORAM:

HON'BLE MS. JUSTICE JYOTI SINGH

O R D E R

% 16.07.2025 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 mandate of the learned Arbitrator. 2.

Disputes having arisen between the parties in relation to Letter of Award dated 17.05.2007 issued by the Petitioner in favour of the Respondent and there being an arbitration agreement between the parties, Petitioner invoked Arbitration Clause 11 vide notice dated 25.04.2020 and nominated its nominee Arbitrator. On 08.06.2020, Respondent nominated its Arbitrator and both Arbitrators jointly appointed the Presiding Arbitrator. On 21.06.2020, the Arbitral Tribunal entered upon reference. Arbitral proceedings are stated to be at the stage of final arguments and the mandate O.M.P.(MISC.)(COMM.) 537/2025 Page 1 of 2 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 22/07/2025 at 12:22:21

has expired on 03.07.2025.

3.

Issue notice.

4.

Mr. Rajat Taimni, 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 Arbitrator.

5.

Accordingly, with the consent of the parties, mandate of the Arbitrator is extended by a period of 06 months from 04.07.2025. 6.

Petition is allowed and disposed of along with pending application in the aforesaid terms.

JYOTI SINGH, J JULY 16, 2025/Shivam O.M.P.(MISC.)(COMM.) 537/2025 Page 2 of 2 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 22/07/2025 at 12:22:21