Petent Radiopharmaceutical Solutions Private Linmied v. Eko Diagnostic Private Limited
Arbitration – Extension of time limit/mandate
Case brief
What is this about?
C.O. 1368 of 2025, High Court at Calcutta (Civil Revisional Jurisdiction, Appellate Side), decided 08.05.2025 by Dinesh Kumar Sharma, J.: PETNET Radiopharmaceutical Solutions Private Limited v. EKO Diagnostic Private Limited — extension of the arbitrator's mandate under Section 29A(4) of the Arbitration and Conciliation Act, 1996, challenging order no. 5 dated 3rd April, 2025 of the Commercial Court at Rajarhat, North 24 Parganas in Misc. Arb (Com)-125/2024, which had refused extension on the ground of want of jurisdiction/authority; with the opposite party's consent (w.e.f. 20th November, 2024), the mandate was extended for 12 months (November, 2024 to November, 2025) and the petition was disposed of. Keywords: Section 29A(4); extension of mandate; time limit for arbitral award; Commercial Court Rajarhat; North 24 Parganas; consent of parties.
What did the court decide?
Extension of the arbitrator's mandate under Section 29A(4) of the Arbitration and Conciliation Act, 1996 for a further period of 12 months, from November, 2024 till November, 2025 (opposite party consenting on instructions to extension with effect from 20th November, 2024).