Allowed

Vistar Interior LLP v. Indian City Properties Ltd.

Delhi HC31 May 2024O.M.P. (MISC.)/22/2024

Case brief

AI extract

What is this about?

Delhi HC allowed a petition under Section 29A of the Arbitration and Conciliation Act, 1996 to extend the mandate of the arbitral tribunal. The court granted an additional nine months, considering the expiry of the earlier arbitrator’s mandate and the pandemic as valid reasons.

What did the court decide?

Extended the mandate of the arbitral tribunal by an additional nine months to conclude proceedings and make the award.

Vistar Interior LLP Vs Indian City Properties Ltd. — Arbitration | Delhi HC (2024)

¶1

$~11

¶2

IN THE HIGH COURT OF DELHI AT NEW DELHI

¶3

- O.M.P. (MISC.) 22/2024

¶4

VISTAR INTERIOR LLP ..... Petitioner

¶5

Through: Mr. Anurag Ojha, Mr. DN Chaturvedi, Mr. Deepak Somani, Mr. Vipul Kumar, Mr. Abhishek Kumar and Mr. Karan Aggarwal, Advs.

¶6

versus

¶7

INDIAN CITY PROPERTIES LTD. ..... Respondent

¶8

Through: Mr. Avinash Menon, Adv. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH

¶9

O R D E R

¶10

% 31.05.2024

¶11

I.A. 31396/2024-EX.

¶12

Exemption is granted subject to all just exceptions.

¶13

The petitioner shall file legible and clearer copies of exempted documents, compliant with practice rules before the next date of hearing.

¶14

The application is disposed of.

¶15

O.M.P. (MISC.) 22/2024

¶16

These is a petition filed under Section 29A of the Arbitration and Conciliation Act, 1996 seeking extension of 6 months of the mandate of the arbitral tribunal to conclude the arbitration proceedings.

¶17

For the said reasons, issue notice.

¶18

Mr. Avinash Menon, learned counsel accepts notice on behalf of the respondent and stated that there is a realistic possibility of the matter being settled.

¶19

This is a digitally signed order.

¶20

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 01/06/2024 at 12:37:02

¶21

Since the mandate of the earlier appointed arbitrator had expired and there was Covid-19 pandemic period in between, I am satisfied that there are sufficient reasons for the arbitration proceedings not having been concluded in time.

¶22

For the said reasons, the petition is allowed and the period of 9 months is given to the arbitral tribunal to conclude the arbitration proceedings and make and publish the award.

¶23

The Arbitral Tribunal is also requested to look into the request of the respondent to see if a viable and amicable settlement can be arrived at between the parties.

¶24

The petition is disposed of.

¶25

JASMEET SINGH, J

¶26

MAY 31, 2024/NG

¶27

Click here to check corrigendum, if any

¶28

This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 01/06/2024 at 12:37:02

Vistar Interior LLP v. Indian City Properties Ltd.

Case brief

What is this about?

What did the court decide?

Vistar Interior LLP v. Indian City Properties Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Sameer Vasudeva Vs Kajal Sejwal

Premier Chennai Properties Private Limited Vs Pacifica Builders Private Limited

Kanti Kumar Lodha Jain Vs All India Swethamber Sthanakwasi Jain Conference & Ors.

Omaxe Ltd. Vs Himland Real Estate Pvt. Ltd. .

National Highway Authority of India Vs M S Pnc Kanpur Highways Limited

Pune Solapur Expressways Private Limited Vs National Highway Authority of India