National Spot Exchange Ltd. v. Harley Carmbel India Pvt. Ltd.

nob6-arbp489-18c vai

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL JURISDICTION ARBITRATION PETITION NO.489 OF 2018 Indian Bullion Market Association Ltd.

...Petitioner

V/s.

Harley Carmbel India Pvt. Ltd.

...Respondent

WITH ARBITRATION PETITION NO.490 OF 2018 National Spot Exchange Ltd.

...Petitioner

V/s.

Harley Carmbel India Pvt. Ltd.

...Respondent

Mr.Aniket Ransubhe for the Petitioners.

Mr.M.S. Dehlvi for the Respondent.

CORAM : R.D. DHANUKA, J.

DATE : 3RD MAY, 2018.

P.C. :- 1.

The matters are mentioned. Not on board.

2.

Eighteen months period is expiring on 31st May, 2018. The arbitral proceedings are at the evidence stage. The arbitral tribunal is granted 9 months extension from 1st June, 2018 to make an award within the extended period. It is made clear that no further extension would be granted. The parties are directed to co-operate with each 1/2

nob6-arbp489-18c other and also with the learned arbitral tribunal in rendering an award within the extended period.

3.

Both the commercial arbitration petitions are disposed of in aforesaid terms. No order as to costs.

4.

The parties are directed to convey this order upon the arbitral tribunal for compliance.

(R.D. DHANUKA, J.) 2/2