Tata Capital Financial Services Ltd. (Formerly Tata Capital Ltd.) v. Aakr Lg Super Shoppee And 2 Others

5-carbp-1037-2018 rrpillai

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO. 1037 OF 2018 Tata Capital Financial Services Ltd.

...

Petitioner (Formerly Tata Capital Ltd.) vs.

AAKR LG Super Shoppee and 2 Ors.

... Respondents Mr. Shavez Mukri a/w. Mr. Harshil Vaishnav i/b. India Law LLP. for the Petitioner. Mr. Shreyas Lavekar i/b. Bijal for the Respondent. CORAM : A.K. MENON, J.

th OCTOBER, 2018 DATE : 8 P. C.

1.

By this petition under section 29A of the Arbitration and Concilition Act, 1996 the petitioner seeks extension of time to complete arbitral proceedings which are pending before a sole arbitrator. Although petition seeks extension for a period of two months as also substitute of the sole arbitrator. Learned counsel for the petitioner submits that prayer (b) is not relevant today and not being pressed. It is submitted that the mandate of the arbitrator has expired on 31 st July, 2018.

However, proceeding before the arbitrator had since been completed and written submission on both sides have been filed. All that remains is for the arbitral tribunal to make and pass an award. According, I pass the following order : (i) Petition is allowed in terms of prayer clause (a). (ii) Petition disposed of in the above terms.

(A.K. MENON, J.) Rajeshwari Ramesh Pillai Date: 2018.10.09 11:15:09 +0530 Rajeshwari Ramesh Pillai