Allowed

Urc Construction Pvt. Ltd. v. Delhi Metro Rail Corporation Limited

Delhi HC22 Feb 2024O.M.P.(MISC.)(COMM.)/124/2024

Case brief

AI extract

What is this about?

The Delhi High Court extended the mandate of an Arbitral Tribunal by six months from February 12, 2024, under Section 29A of the Arbitration and Conciliation Act, 1996, pending party consent and pending proceedings on the application.

What did the court decide?

Mandate of the Arbitral Tribunal extended by six months w.e.f. 12.02.2024 to conclude final arguments and write the Award.

Urc Construction Pvt. Ltd. Vs Delhi Metro Rail Corporation Limited — Arbitration | Delhi HC (2024)

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$~36

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P.(MISC.)(COMM.) 124/2024

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URC CONSTRUCTION PVT. LTD.

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..... Petitioner

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Through: Ms. Shaleen Srivastav & Ms. Angna Dewan, Advocates.

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versus

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DELHI METRO RAIL CORPORATION LIMITED ..... Respondent

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Through: Ms. Vibha Mahajan Seth & Ms. Teena Srivastava, Advocates.

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CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA

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O R D E R % 22.02.2024

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The present Petition under Section 29A (5) read with Section 29A (4) of the Arbitration and Conciliation Act, 1996 has been filed on behalf of the petitioner seeking extension of mandate of the Arbitral Award by six months w.e.f. 12.02.2024.

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It is submitted in the application that vide Order dated 15.09.2021, the Arbitral Tribunal was constituted.

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The pleadings were completed on 14.02.2022. The mandate of the Arbitral Tribunal was extended by the parties by mutual consent for a period of six months which expired on 13.08.2023.

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Thereafter, on joint Application under Section 29A of the Arbitration and Conciliation Act, 1996 filed on behalf of the parties, the mandate of the Arbitral Tribunal was further extended by six months upto 12.02.2024.

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By way of present application, another extension of mandate of the

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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 26/02/2024 at 15:37:47

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Arbitral Tribunal by six months has been sought for concluding the final arguments and for writing the Award, to which, there is no objection by the counsel for the respondent.

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Accordingly, in view of the submissions made, the mandate of the Arbitral Tribunal is hereby extended by six months w.e.f. 12.02.2024, the date on which the mandate expired.

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The present petition is disposed of.

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NEENA BANSAL KRISHNA, J

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FEBRUARY 22, 2024 S.Sharma

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This is a digitally signed order.

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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 26/02/2024 at 15:37:47

Urc Construction Pvt. Ltd. v. Delhi Metro Rail Corporation Limited

Case brief

What is this about?

What did the court decide?

Urc Construction Pvt. Ltd. v. Delhi Metro Rail Corporation Limited

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

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