Allowed
Talwar Cars Private Limited v. Volvo Auto India Private Limited
Delhi HCO.M.P.(MISC.)(COMM.)/292/2024
Case brief
AI extract
What is this about?
The Delhi High Court extended the mandate of an arbitral tribunal by six months. The extension was granted despite the tribunal's mandate having lapsed, acknowledging delays caused by the petitioner's insolvency proceedings under the IBC. The court noted the petition was filed after the tribunal's mandate expired but deemed it valid under prior binding precedent.
What did the court decide?
Mandate of the Arbitral Tribunal extended by a period of six months from the date of the order.