Ramesth Constructions Private Limited v. Eldeco Infrastructure and Properties Private Limited
Case brief
What is this about?
The Delhi High Court, through Justice Prateek Jalan, admitted joint petitions seeking extension of an arbitral tribunal's mandate under Section 29A of the Arbitration Act, 1996. The tribunal, constituted in 2018, was asked to extend its term until July 31, 2024, to allow time for passing an award reserved since November 2023. The court granted the extension.
What did the court decide?
Extension of the mandate of the arbitral tribunal in both proceedings to 31.07.2024.