Gtl Limited v. Gtl Infrastructure Limited

$~50 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 782/2024 GTL LIMITED .....Petitioner Through:

Mr. Saket Sikri, Mr. Ajay Pal Singh Kullar, Mr. Vikalp Mudgal, Mr.

Prakhar Khanna and Mr. Vignesh Raj T., Advocates.

versus GTL INFRASTRUCTURE LIMITED .....Respondent Through:

Mr. D.N. Ray, Sr. Advocate with Mr.

Dillip Kumar Nayak, Ms. Sumita Ray and Ms. Dish Ray, Advocates.

CORAM:

HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD

O R D E R

% 04.10.2024 I.A. 41224/2024 (Exemption) Allowed, subject to all just exceptions.

I.A. 41225/2024 1.

This is an application on behalf of the Petitioner for condonation of delay in re-filing the present petition.

2.

For the reasons stated in the application, the delay of eight days in refiling the petition is condoned. 3.

The application is disposed of.

O.M.P.(MISC.)(COMM.) 782/2024 & I.A. 41223/2024 1.

This is a petition under Section 29A(4) & (5) of the Arbitration & Conciliation Act, 1996 for extending the mandate of the Arbitral Tribunal at least for a period of six months for publication of the award by the Arbitral 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 14/10/2024 at 10:30:37

Tribunal.

2.

Material on record indicates that the Arbitral Tribunal was constituted on 13.09.2019. The mandate of the Arbitral Tribunal was extended from time to time and last of the extension was granted on 22.11.2023 for a period of six months. It is stated that the at least six months' time would be required for the Arbitral Award to pass an award. 3.

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

4.

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

SUBRAMONIUM PRASAD, J OCTOBER 4, 2024 hsk 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 14/10/2024 at 10:30:37