Sundaram Finance Limited, Rep.By Its Senior Manager(Legal) v. M/S. Tanjara Trading Private Limited (In Liquidation)

P.T.ASHA, J., The above application is filed under Section 29 (A) (5) of the Arbitration and Conciliation Act, 1996, hereinafter after called the Act, for extending the time for passing an award by the arbitral Tribunal in arbitration case No.KSG/290/2018 by a period of six months. The above application has been filed on 24.10.2019. The arbitral tribunal in the instant case was constituted on 03.10.2018 and thereafter under the provisions of Section 29 (A) (1) of the Act the award should have been made on or before 02.10.2019.

2. The applicant would submit that the respondent Company had appeared on 03.01.2019 and on 27.06.2019 the respondent company had gone into liquidation. Consequently, the arbitral proceedings could not be proceeded with. Hence, the 1/3

present application.

3. Considering the averments made in the affidavit filed in support of the Judges Summons, the applicant has made out sufficient reasons for extending time, the time granted for passing the award is extended upto 28.02.2021. The application is allowed extending the time for passing the award. 02.11.2020 kan 2/3

P.T.ASHA, J., kan 02.11.2020 3/3