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High Court of DelhiO.M.P.(MISC.)(COMM.)/753/2024

Rccivl-Litl (Jv) v. Union Of India

2024-09-26Hon'Ble Mr. Justice Subramonium Prasad2 pages

$~75 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 753/2024 RCCIVL-LITL (JV) .....Petitioner Through:

Mr. Kanishk Aggarwal and Mr. Ishan Puri, Advocates.

versus UNION OF INDIA .....Respondent Through:

Mr. Bhagvan Swarup Shukla, CGSC with Mr. Vedansh Anand, GP for UoI.

CORAM:

HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD

O R D E R

% 26.09.2024 I.A. 40370/2024 (Exemption) Allowed, subject to all just exceptions.

O.M.P.(MISC.)(COMM.) 753/2024 1.

This Petition under Section 29A(4) and 29A(5) of the Arbitration and Conciliation Act, 1996, read with Section 7 of the Commercial Courts Act, 2015, has been filed by the Petitioner for extending the mandate of the sole arbitrator in the Arbitration proceedings which are going on between the parties.

2.

Material on record indicates that the Arbitral Tribunal was constituted in terms of the Order dated 11.10.2021, passed by this Court in ARB.P.972/2021.

3.

Extension of six months was sought by the Arbitral Tribunal and vide Order dated 06.09.2023, the mandate of the Arbitral Tribunal was extended 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 03/10/2024 at 12:28:14

till 29.02.2024. Further extension of six months was sought and this Court vide Order dated 26.02.2024 extended the mandate of the Arbitral Tribunal till 22.09.2024.

4.

It is stated by the learned Counsel for the Petitioner that final arguments have been heard and written submissions have been filed by the parties before the Tribunal and the Tribunal has informed the parties that it would require time till 31.01.2025 to prepare the final award. 5.

In the facts and circumstance of this case, this Court is inclined to extend the mandate of the Arbitral Tribunal till 29.03.2025 so that the award can be pronounced and no further extension of time would be required by the Tribunal.

6.

The Petition is disposed of, along with the pending applications, if any.

SUBRAMONIUM PRASAD, J SEPTEMBER 26, 2024 Rahul 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 03/10/2024 at 12:28:14