Indraprastha Gas Limited v. Universal Energies Limited

$~51 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 611/2024 INDRAPRASTHA GAS LIMITED .....Petitioner Through:

Mr Deepayan Mandal, Mr Mridul Bansal and Mr Naman Varma, Advs.

versus UNIVERSAL ENERGIES LIMITED .....Respondent Through:

Mr Akash Jain, Adv. (through VC)

CORAM:

HON'BLE MR. JUSTICE JASMEET SINGH

O R D E R

% 14.08.2024 1.

This is a petition filed under Section 29A(5) of the Arbitration and Conciliation Act, 1996 seeking extension of mandate of the Arbitral Tribunal till 31.03.2025 for concluding the arbitral proceedings and passing the final award.

2.

It is stated that the arbitration proceedings are at the final stage, the petitioner has already concluded its arguments and the respondent has commenced its arguments.

3.

Issue notice.

4.

Mr Jain, 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 been explained for the delay. The petition is allowed and the mandate of the Arbitral Tribunal is extended upto 31.05.2025 for concluding the arbitral proceedings and passing the final award.

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 21/08/2024 at 15:15:58

6.

The petition is disposed of accordingly.

JASMEET SINGH, J AUGUST 14, 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 21/08/2024 at 15:15:58