S B Protech Private Limited v. Hindustan Urvarak And Rasayan Limited

$~58 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 841/2024 S B PROTECH PRIVATE LIMITED .....Petitioner Through:

Mr. Vikas Sethi, Advocate versus HINDUSTAN URVARAK AND RASAYAN LIMITED .....Respondent Through:

Mr. Adarsh Tripathi Adv, Mr. Vikram Singh Baid Adv, Mr. Ajitesh Garg Adv.

Mr. Vikram S Baid, Advocate

CORAM:

HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD

O R D E R

% 23.10.2024 1.

This is a petition under Section 29A(4) of the Arbitration & Conciliation Act, 1996 for extending the mandate of the Arbitral Tribunal for a period of nine months, i.e., from 05.09.2024 to 05.06.2025 for making the Award.

2.

Material on record indicates that a Sole Arbitrator was appointed on 19.09.2022 to adjudicate upon the disputes between the parties. The Petitioner has approached this Court for extension of time since the mandate of the Arbitral Tribunal has come to an end on 05.09.2024 and the matter before the learned Arbitrator has been adjourned to 24.10.2024. It is stated that at least nine months' time would be required for the learned Arbitrator to pass an 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 28/10/2024 at 12:01:47

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 one year so that the Award can be pronounced and no further extension of time would be required.

4.

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

SUBRAMONIUM PRASAD, J OCTOBER 23, 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 28/10/2024 at 12:01:47