Tidel Park Limited v. K.Jayaprakash, Managing Partner, M/S.Eaters Club,
A.No.418 of 2020 in O.P.No.416 of 2017 M.SUNDAR.J., Mr.Lilly Francis of M/s.King and Partridge (Law firm) on behalf of applicant and Mr.Gautha Kumar, learned counsel on record for respondent are before this Court.
2. It is submitted by learned counsel on both sides that instant application is one for extension of time for Arbitral Tribunal to make the award as the statutorily prescribed and mutually extended 18 months in all (12+6) period has elapsed. It is submitted by both sides that the reasons for the award not being made within the said 18 months, are articulated in the affidavit filed in support of instant application. A perusal of the contents of the affidavit filed in support of instant application leaves this Court with the considered view that sufficient cause has been made out for extension of time for making the arbitral award.
3.Though obvious, it is made clear that instant application is under various sub-sections of Section 29-A of 'The Arbitration and Conciliation Act, 1996 (Act No.26 of 1996)', which shall hereinafter be referred to as 'A and C Act' for the sake of brevity and convenience. In the light of consensus http://www.judis.nic.in 1/2
M.SUNDAR.J., gpa between the parties, it is not necessary to dilate on facts and in the light of the trajectory the hearing has taken today, no serious discussion on legal aspects of the matter is necessary. As already alluded to supra, suffice to reiterate (as mentioned supra) that contents of the affidavit filed in support of instant application leaves this Court with the considered view that the parties before this Court have shown sufficient cause for extension of time for Arbitral Tribunal for making the award.
This application is ordered by extending the time till 30.04.2020 for the Arbitral Tribunal to make the award.
31.01.2020 gpa A.No.418 of 2020 in O.P.No.416 of 2017 http://www.judis.nic.in 2/2