Bhayana Builders Pvt. Ltd v. Bird Airport Hotel Pvt. Ltd.

$~34 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 735/2024 BHAYANA BUILDERS PVT. LTD .....Petitioner Through:

Ms Simran Brar, Ms Apoorva Neral and Mr Swastik Dalai, Advs.

versus BIRD AIRPORT HOTEL PVT. LTD.

.....Respondent Through:

Mr Virender Mehta and Mr Tarak Sah, Advs.

CORAM:

HON'BLE MR. JUSTICE JASMEET SINGH

O R D E R

% 19.09.2024 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 1 year for concluding the arbitral proceedings and passing the final award.

2.

It is stated that the arbitration proceedings were stayed before the learned Arbitrator for a considerable period. 3.

Issue notice.

4.

Mr Mehta, 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 1 year from today i.e. upto 19.09.2025 for concluding the arbitral proceedings and passing the final award.

6.

The petition is disposed of accordingly.

JASMEET SINGH, J SEPTEMBER 19, 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 03/07/2025 at 04:24:55