Arihant Superstructures Ltd v. Laxman Dharma Patil

3-ARBP-373-2024.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION ARBITRATION PETITION NO. 373 OF 2024 Arihant Superstructures Ltd.

...Petitioner

Versus

Laxman Dharma Patil

...Respondent

Mr. Mihir Jayakar, a/w Gunjan Jayakar, for the Petitioner. Ms. Mitali Dhoble, i/b Rohit Joshi, for Respondent.

CORAM

: SOMASEKHAR SUNDARESAN, J.

DATE : FEBRUARY 14, 2025 PC :

1.

This is an application under Section 29-A of the Arbitration and Conciliation Act, 1996, seeking an extension of mandate of the Arbitral Tribunal, which expired on September 25, 2020. 2.

Today, when the matter is called out, Learned Counsel for the parties jointly submit that this would be the first extension, and jointly request for an extension of mandate by a period of twelve months, bearing in mind the stage at which the arbitral proceedings are placed. 3.

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 twelve months from today i.e. until February 13, 2026. Digitally signed by ASHWINI JANARDAN VALLAKATI Date:

2025.02.18 17:35:34 +0530 ASHWINI JANARDAN VALLAKATI February 14, 2025 Ashwini Vallakati

3-ARBP-373-2024.doc 4.

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.] February 14, 2025 Ashwini Vallakati