Voith Hydro Private Limited v. Madhya Bharat Power Corporation Limited

$~27 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 15.11.2018 + O.M.P.(MISC.)(COMM.) 341/2018 VOITH HYDRO PRIVATE LIMITED ..... Petitioner Through Mr. Omar Ahmad, Mr. Vikram Shah and Mr. Ishan Gaur, Advs.

versus MADHYA BHARAT POWER CORPORATION LIMITED ..... Respondent Through Mr. Ratan K. Singh and Ms. Priyanka Solanki, Advs.

CORAM:

HON'BLE MR. JUSTICE RAJIV SHAKDHER RAJIV SHAKDHER, J. (ORAL) I.A. 15545/2018 1.

Allowed, subject to just exceptions.

O.M.P.(MISC.)(COMM.) 341/2018 2.

This is a joint petition moved on behalf of the parties herein for seeking extension of time.

3.

I am informed that the Arbitral Tribunal entered upon reference on 15.5.2017 and that, after the expiry of the statutory period of twelve (12) months parties mutually agreed for extension of time by six (6) months. 3.1 That extension was triggered on 21.3.2018.

3.2 Evidently, the extended time is coming to an end today, i.e. 15.11.2018.

O.M.P.(MISC.)(COMM.) 341/2018

4.

In these circumstances, I am inclined to grant extension of time by four (4) months for concluding the arbitration proceedings and pronouncing an award in the matter.

5.

The period of six (6) months will commence from 16.11.2018. 6.

The petition is disposed of accordingly.

RAJIV SHAKDHER, J NOVEMBER 15, 2018 rb O.M.P.(MISC.)(COMM.) 341/2018