Ncc Ltd. v. Yuval Infratech Pvt. Ltd.

$~39 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 776/2024 NCC LTD.

.....Petitioner Through:

Mr. Adhish Srivastava, Mr. Sujit Kr.

Singh and Ms. Anuska Arora, Advs.

versus YUVAL INFRATECH PVT. LTD.

.....Respondent Through:

Mr. Nitiesh Mehra and Ms. Hitaakshi Mehra, Advs.

CORAM:

HON'BLE MR. JUSTICE SACHIN DATTA

O R D E R

% 03.10.2024 1.

This is a joint petition filed under Section 29A of the Arbitration and Conciliation Act, 1996 seeking extension of time for completion of arbitral proceedings and making of arbitral award.

2.

Learned Sole Arbitrator came to be appointed vide order dated 20.10.2020, passed in ARB.P. 306/2020.

3.

Respective counsel for the parties jointly submit that the learned Sole Arbitrator has conducted the arbitral proceedings with expedition and dispatch, however, considerable time was consumed due to the voluminous record of the case.

4.

Respective counsel for the parties submit that presently the matter is at the stage of final arguments before the learned Sole Arbitrator. It is jointly requested that a suitable extension of time be granted to enable the learned Sole Arbitrator to conclude the arbitral proceedings and make the arbitral 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 07/10/2024 at 15:55:00

5.

Considering the averments made in the petition and submissions of respective counsel, the time period for completion of arbitral proceedings and making of the arbitral award is extended till 31.03.2025. 6.

The petition stands disposed of in the above terms. SACHIN DATTA, J OCTOBER 3, 2024/cl 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 07/10/2024 at 15:55:00