Imc Limited v. Indian Oil Corporation Limited

901-arbpl183-18 vai

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION (LODGING) NO.183 OF 2018 IMC Limited

...Petitioner

V/s.

Indian Oil Corporation Limited

...Respondent

Mr.Amrut Joshi with Mr.Ayush Khandelwal i/b Lodha Legal for the Petitioner.

Mr.Aditya N. Raut i/b Desai Desai Carrimjee Mulla for the Respondent.

CORAM : R.D. DHANUKA, J.

DATE : 14TH FEBRUARY, 2018.

P.C. :- 1.

The arbitral proceedings are at the evidence stage. 18 months period are expiring on 16th February, 2018. By consent of parties, six months extension is granted to the learned arbitrator with effect from 17th February, 2018 to complete the proceedings and to make an award. The parties are directed to co-operate with each other and also with the learned arbitrator in rendering the award within the extended period. It is made clear that no further extension would be granted.

2.

The arbitration petition is disposed of in aforesaid terms. No order as to costs. It is made clear that this Court has not gone 1/2

901-arbpl183-18 into the allegations, if any, made by the petitioner against the respondent in this petition. The petitioner is directed to convey this order to the learned arbitrator for compliance. (R.D. DHANUKA, J.) 2/2