Pnc Delhi Industrialinfra Pvt Ltd. v. Delhi State Industrial & Infrastructure Development Corporation Ltd. (Dsiidc)

$~23 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(MISC.)(COMM.) 183/2018 PNC DELHI INDUSTRIALINFRA PVT LTD.

..... Decree Holder Through Mr. Abhishek Kumar, Mr. Vikas Goel and Ms. Arushi Gupta, Advs.

versus DELHI STATE INDUSTRIAL & INFRASTRUCTURE DEVELOPMENT CORPORATION LTD. (DSIIDC) ..... Judgement Debtor Through Ms. Nikita Salwan, Adv.

CORAM:

HON'BLE MR. JUSTICE RAJIV SHAKDHER

O R D E R

% 09.08.2018 I.A. 10605/2018 1.

Allowed, subject to just exceptions.

O.M.P.(MISC.)(COMM.) 183/2018 2.

Issue notice. Ms. Salwan accepts notice on behalf of the Judgment Debtor/respondent.

3.

Learned counsel for the Judgment Debtor/respondent says that she has no objection to the prayer made in the petition. 4.

Accordingly, the learned counsel says that she does not wish to file a reply to the petition.

5.

To be noted, the averment made in the petition is that the sole Arbitrator who has been appointed by this Court vide order dated 3.2.2017, entered upon reference on 15.2.2017.

O.M.P.(MISC.)(COMM.) 183/2018

6.

Since the statutory period of twelve (12) months expired on 14.2.2018, without conclusion of arbitration proceedings, with the consent of the parties, the time for rendering an award was extended by a period of six (6) months.

7.

It is submitted by counsel for the parties that the matter is at the stage of arguments.

8.

Accordingly, learned counsel for the petitioner says that the time for rendering the award be extended uptil 31.10.2018. 9.

As indicated above, counsel for the respondent does not object to the prayer made in that behalf.

10.

Consequently, in view of the submission made before me and assertions made in the petition, the prayer made therein is allowed. 11.

The time for rendering the award is extended till 31.10.2018. 12.

The petition is disposed of in the aforesaid terms. RAJIV SHAKDHER, J AUGUST 09, 2018 rb O.M.P.(MISC.)(COMM.) 183/2018