Allowed
Suyojit Infrastructure Pvt. Ltd. v. Iic Limited (Under Liquidation) & Anr.
Delhi HCO.M.P.(MISC.)(COMM.)/392/2024
Case brief
AI extract
What is this about?
The Court extended the mandate of the Arbitral Tribunal by six months, holding that the respondent's liquidation or insolvency proceedings do not prevent extension under Section 29A(4) of the Arbitration Act. The Court followed coordinate bench precedent and disregarded objections raised solely before the arbitral tribunal.
What did the court decide?
Mandate of the Arbitral Tribunal extended by a period of six months from the date of the order.