Allowed

M/S Bsa Citi Couriers Pvt. Ltd. v. M/S Franchise India Holding Ltd.

Delhi HC2 Feb 2024O.M.P.(MISC.)(COMM.)/69/2024

Case brief

AI extract

What is this about?

Petition under Section 29A of the Arbitration and Conciliation Act for extension of time to conclude arbitral proceedings. Court granted extension of three months from 05.04.2024 and regularized the period from 05.01.2024.

What did the court decide?

Mandate of the Arbitral Tribunal extended by a period of three months from 05.04.2024; period from 05.01.2024 regularised.

M/S Bsa Citi Couriers Pvt. Ltd. Vs M/S Franchise India Holding Ltd. — Arbitration | Delhi HC (2024)

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$~24

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P.(MISC.)(COMM.) 69/2024

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M/S BSA CITI COURIERS PVT. LTD. ..... Petitioner

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Through: Mr.Shahryar Khan, Mr.Arjun Dewan and Mr.Pranav Sethi, Advts.

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versus

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M/S FRANCHISE INDIA HOLDING LTD. ..... Respondent

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Through: Mr.Keshav Kumar Srivastava, Adv.

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CORAM:

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HON'BLE MR. JUSTICE DINESH KUMAR SHARMA

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O R D E R

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% 02.02.2024

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The hearing has been conducted through hybrid mode (physical and virtual hearing).

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By way of the present petition filed under Section 29A of the Arbitration and Conciliation Act, 1996, the petitioner seeks extension of mandate of the Arbitral Tribunal by a period of three months for concluding the Arbitral proceedings and passing the Award.

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Learned counsel for the petitioner submits that vide order dated 21.12.2023, learned arbitrator has inter alia directed as under:

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“Both parties have agreed to move an application under Section 29A(4) of the Arbitration and Conciliation Act, 1996 before the Hon'ble High Court to seek appropriate extension of time for conclusion of arguments and passing of the Award. Steps be taken accordingly.”

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Both the parties have agreed to move the application accordingly.

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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 16/12/2024 at 15:09:17

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In terms of the order dated 21.12.2023 of the learned arbitrator, the present petition has been moved.

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Considering the aforesaid request and the no objection given by the other side, the present petition is allowed and the mandate of the Arbitral Tribunal is extended by a period of three months from 05.04.2024. Further, the period lapsed from 05.01.2024 till date is regularised.

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The present petition is disposed of.

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DINESH KUMAR SHARMA, J

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FEBRUARY 2, 2024 rb

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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 16/12/2024 at 15:09:17

M/S Bsa Citi Couriers Pvt. Ltd. v. M/S Franchise India Holding Ltd.

Case brief

What is this about?

What did the court decide?

M/S Bsa Citi Couriers Pvt. Ltd. v. M/S Franchise India Holding Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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