Ia Hydro Energy Pvt. Ltd. v. The National Insurance Co. Ltd.

5.CARBP.404.2025.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO.404 OF 2025 ALONG WITH INTERIM APPLICATION (L) NO.13307 OF 2025 IN COMMERCIAL ARBITRATION PETITION NO.404 OF 2025 I A Hydro Energy Pvt. Ltd.

....Petitioner/Applicant

Versus

The National Insurance Co. Ltd.

....Respondent Ms. Ishita Bhole a/w. Mohit Turakihia i/b Mohit Shah, Advocates for Petitioner/Applicant.

Mr. Varun Gupta a/w. Ms Nimisha Shukla i/b. Tuli & Co., Advocates for Respondent.

CORAM: SOMASEKHAR SUNDARESAN, J.

DATE : JUNE 16, 2025 ORDER :

1.

The captioned Interim Application (L) N0.13307 of 2025 has already been disposed of vide an Order dated May 6, 2025. 2.

The Commercial Arbitration Petition is a Petition under Section 29-A of the Arbitration and Conciliation Act, 1996 ("the Act") seeking an extension of mandate of the Arbitral Tribunal, which expired on April 1, 2024.

3.

Today, when the matter is called out, Learned Counsel for the Digitally signed by AARTI GAJANAN PALKAR Date:

2025.06.17 17:20:19 +0530 AARTI GAJANAN PALKAR parties jointly submit that only passing of the arbitral award is pending. June 16, 2025 Aarti Palkar

5.CARBP.404.2025.doc Since only passing of the award remains and judgment had been reserved close to year ago, the Arbitral Tribunal is requested to expedite passing of the final award.

4.

In these circumstances, taking into account the stage at which the arbitral proceedings are placed, this Petition is finally disposed of extending the mandate of the Arbitral Tribunal for a period of three months i.e. until September 30, 2025.

5.

All actions required to be taken pursuant to this order shall be taken upon receipt of a downloaded copy as available on this Court's website.

[ SOMASEKHAR SUNDARESAN, J.] June 16, 2025 Aarti Palkar