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High Court of DelhiO.M.P.(MISC.)(COMM.)/56/2026

Amit Guglani & ANR. v. L And T Housing Finance Ltd & ANR.

2026-01-15Hon'Ble Mr. Justice Subramonium Prasad2 pages

$~50 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 56/2026 AMIT GUGLANI & ANR.

.....Petitioners Through:

Mr. Chaitanya Rohilla, Advocate versus L AND T HOUSING FINANCE LTD & ANR.

.....Respondents Through:

Mr. Arvind Jadon, Advocate for R-1.

Mr. Gurtejpal Singh, Advocate for R-2

CORAM:

HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD

O R D E R

% 15.01.2026 I.A. 977/2026 (Exemption) Allowed, subject to all just exceptions.

O.M.P.(MISC.)(COMM.) 56/2026 1.

The present petition under Section 29A(4) & (5) of the Arbitration and Conciliation Act, 1996 has been filed by the Petitioner for extending the mandate of the Arbitral Tribunal.

2.

Material on record indicates that an Arbitral Tribunal was constituted by this Court on 02.11.2023. The mandate of the Arbitral Tribunal expired on 02.11.2025, and therefore, the present petition has been filed for extending the mandate of the Arbitral Tribunal. 3.

It is stated that the Award has been reserved by the Arbitral Tribunal for pronouncement.

4.

The Apex Court in Rohan Builders (India) Private Limited v. Berger 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 17/01/2026 at 13:23:31

Paints India Limited, 2024 SCC OnLine SC 2494, has held that an application for extension of the time period for passing an arbitral award under Section 29A(4) read with Section 29A(5) is maintainable even after the expiry of the twelve-month or the extended six-month period, as the case may be.

5.

In view of the facts of the present case, this Court is inclined to regularize the period from 02.11.2025 till today and extend the mandate of the Arbitral Tribunal till 30.06.2026, so that the award can be pronounced. 6.

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

SUBRAMONIUM PRASAD, J JANUARY 15, 2026 S. Zakir 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 17/01/2026 at 13:23:31