Loyal Housing Developments P Ltd, v. M/S.Vyas Builders Private Limited,

THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 25.03.2025

CORAM:

THE HON'BLE MR. JUSTICE ABDUL QUDDHOSE Loyal Housing Developments (P) Ltd.

Rep. by its Managing Director J. Umaa maheswaran ... Applicant Vs M/s.Vyas Builders Private Ltd., Rep. by its Managing Director, Ronak Goyal ... Respondent For Applicant : Mr. V. Lokesh Kumar For Respondent : Ms.R. Kanishka for M/s.Nathan & Associates - - - - - The learned counsel for the respondent has stated no objection for allowing this application.

2. This application has been filed under Section 29A of the Arbitration and Conciliation Act, 1996 seeking extension of time for the 1/3

Arbitral Tribunal to pronounce the Arbitral Award for a further period of six months from 26.3.2025.

3. This Court is satisfied with the reasons contained in the affidavit filed in support of this application as sufficient cause has been shown by the applicant for seeking extension of time as prayed for. Accordingly, this application is allowed as prayed for and the mandate of the Arbitral Tribunal to pronounce the Arbitral Award is extended for a further period of six months from 26.03.2025. 25.03.2025 vsi2 2/3

ABDUL QUDDHOSE, J.

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