M/S Prasad Construction And Co v. Wapcos Ltd

$~76 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 949/2024 and IA No.47279/2024 M/S PRASAD CONSTRUCTION AND CO .....Petitioner Through:

Mr. Kunwar Chandresh, Ms. Poonam Prasad and Mr. Munis Nasir, Advs.

(through v/c) versus WAPCOS LTD .....Respondent Through:

Mr. Ajit Sharma, SC along with Mr.

Amrit Pradhan and Ms. Kanchan Singh, Advs.

CORAM:

HON'BLE MR. JUSTICE SACHIN DATTA % 19.12.2024

O R D E R

1.

The present petition filed under Section 29A (4) of the Arbitration and Conciliation Act, 1996 (hereinafter 'the A&C Act') seeks extension of time for completion of arbitral proceedings and making of the arbitral award in two separate arbitral proceedings (hereinafter referred to as 'the first reference' and 'the second reference') involving the same parties and before the same Arbitral Tribunal.

2.

The Arbitral Tribunal was constituted with the mutual consent of both parties. The arbitral proceedings are stated to be at an advanced stage. 3.

On 09.08.2024, this Court granted a six-month extension for the first reference, extending the time until 30.11.2024, for the making of the arbitral award. As the said extended period has now lapsed, the petitioner seeks an additional six-month extension for the first reference for making of the arbitral award and a concurrent six-month extension for the second reference for concluding arguments and making of 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 30/12/2024 at 12:20:36

4.

The respondent has no objection to the said extension. 5.

In the circumstances, the time period for completion of arbitral proceedings and making of the arbitral award in respect of both the arbitrations between the parties, are extended till 30.06.2025. 6.

The present petition is allowed in the above terms. SACHIN DATTA, J DECEMBER 19, 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 30/12/2024 at 12:20:36