Uem India Pvt Ltd v. Essar Oil And Gas Exploration And Production Ltd

kvm 1/2 502-ARBPL402.18

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION (L) NO. 402 OF 2018 UEM India Pvt. Ltd.

..... Petitioner

VERSUS

Essar Oil & Gas Exploration and Production Ltd.

..... Respondents Mr.Vishal Muglikar, a/w. Mr.Aniketh Nair, Mr.Nihar Shaikh, i/b. Mr.Musafa Motiwala for the Petitioner.

Mr.Gandhar Raikar for the Respondents.

CORAM :

R.D. DHANUKA, J.

DATE :

13th APRIL, 2018 P.C.

The papers are allowed to be produced at 03.00 p.m. 2.

By this petition filed under section 29A of the Arbitration and Conciliation Act, 1996, the petitioner seeks 9 months extension of time in rendering an award w.e.f. 4th April, 2018. 18 months period has expired on 4th April, 2018. The matter is at evidence stage. Learned counsel for the respondents on instruction states that his clients have no objection if the extension of time is granted as prayed. Statement is accepted.

3.

Learned arbitrator is granted extension of time of 9 months time w.e.f. 4th April, 2018 in making an award. Both the parties are directed to co-operate with each other and with the learned arbitrator in making the award within the extended period. It is made clear that no further extension would be granted.

kvm 2/2 502-ARBPL402.18 4.

Learned counsel for the petitioner is directed to convey this order to the learned arbitrator for compliance. 5.

Arbitration petition is disposed of in the aforesaid terms. No order as to costs.

[R.D. DHANUKA, J.]