Ms. Simplex Infrastructures Limited v. Indian Oil Corporation Ltd

$~52 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ O.M.P.(MISC.)(COMM.) 672/2024 MS. SIMPLEX INFRASTRUCTURES LIMITED .....Petitioner Through:

Mr. S.D. Singh, Mr. Kamla Prasad, Ms. M Singh, Mr. Siddharth Singh, Advs.

versus INDIAN OIL CORPORATION LTD .....Respondent Through:

Mr. Amit Meharia, Ms. Tannishtha Singh, Mr. Sambhav, Advs.

CORAM:

HON'BLE MR. JUSTICE JASMEET SINGH

O R D E R

% 03.09.2024 1.

This is a petition filed under Section 29A(4) and (5) of the Arbitration and Conciliation Act, 1996 seeking extension of mandate of the Arbitral Tribunal by a period of 9 months for concluding the arbitral proceedings and passing the final award.

2.

It is stated that the record is very voluminous and hence the delay. 3.

Issue notice.

4.

Mr Sambhav, 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 by a period of 9 months from today. 6.

The period from 29.07.2024 till today stands regularized. 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 06/09/2024 at 15:33:59

7.

The petition is disposed of accordingly.

JASMEET SINGH, J SEPTEMBER 3, 2024/NG 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 06/09/2024 at 15:33:59