Sandeep Kumar,Partner & ORS. v. Emc Limited

$~25 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 24/2018 SANDEEP KUMAR,PARTNER & ORS.

..... Decree Holders Through Ms.Meenakshi Jyoti and Mr.Abhishek Chhabra, Advs.

versus EMC LIMITED ..... Judgement Debtor Through Mr.Surjendu S.Das, Mr.Siddharth Kochhar and Mr.Nishant Doshi, Advs.

CORAM:

HON'BLE MR. JUSTICE NAVIN CHAWLA

O R D E R

% 05.03.2018 IA No.3079/2018 (Exemption) Allowed, subject to all just exceptions.

O.M.P.(MISC.)(COMM.) 24/2018 Issue notice. Notice is accepted by Mr.Surjendu S.Das, Advocate on behalf of the respondent.

This petition has been filed under Section 29A(5) of the Arbitration and Conciliation Act, 1996 seeking extension of time for making of the Arbitral Award.

The Sole Arbitrator was appointed by this Court vide its order dated 03.10.2016 and, as directed by this Court, had held the first hearing on 05.12.2016. The Arbitration Proceedings are at an advance stage. Learned counsel for the respondent submits that he has no objection

to the extension of time for making of the award, however, this should not be treated as an admission of the contents of the petition. Taking into the account the above, time for making the award is extended by six months with effect from 02.04.2018. The petition is allowed in the above terms, with no order as to costs. Dasti.

NAVIN CHAWLA, J MARCH 05, 2018/Arya