Cobra Instalaciones Y Servicios S a v. Drake and Scull Water and Energy India Pvt. Ltd.
Case brief
What is this about?
Petition under Section 29A(4) and (5) seeking extension of the arbitral mandate by six months; delay attributed to a party being in CIRP. Court found sufficient cause shown and extended the mandate.
What did the court decide?
Mandate of the Arbitral Tribunal extended up to 31.12.2024 to make and publish the award; period from 01.05.2024 till order date regularized.