Sealord Diving And Salvage Pvt Ltd v. Arihant Ship Breakers

38-CARBP-209-2025.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION COMM. ARBITRATION PETITION NO. 209 OF 2025 Digitally signed by SHRADDHA KAMLESH TALEKAR Date:

2025.04.19 17:52:32 +0530 SHRADDHA KAMLESH TALEKAR Sealord Diving and Salvage Pvt. Ltd.

...Petitioner(s)

Versus

Arihant Ship Breakers

...Respondent(s)

Mr. Krishnaraj Thaker, Senior Advocate a/w. Arpeeta Panvalkar i/b Renata Partners, for Petitioner.

Respondent was represented but appearance has not been submitted. CORAM : SOMASEKHAR SUNDARESAN, J.

Date : April 9, 2025 P. C.

1.

Mentioned and taken out of turn.

2.

This is a Petition under Section 29-A of the Arbitration and Conciliation Act, 1996.

3.

Learned Counsel representing both sides have jointly submitted that they would be willing to proceed and complete the arbitration. Although the arbitration commenced prior to the Section 29-A regime, they would submit that it would be appropriate to record that the arbitration must conclude within a period of one year from today.

4.

In these circumstances, taking into account the stage at which the Arbitral proceedings are placed, this Petition is finally disposed of extending April 9, 2025 Shraddha

38-CARBP-209-2025.doc the mandate of the Arbitral Tribunal for a period of one year i.e. until April 8, 2026.

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.] April 9, 2025 Shraddha