Allowed

Ncc Ltd. v. Yuval Infratech Pvt. Ltd.

Delhi HC3 Oct 2024O.M.P.(MISC.)(COMM.)/776/2024

Case brief

AI extract

What is this about?

Joint petition seeking extension of time for arbitral proceedings under Section 29A of the Arbitration and Conciliation Act, 1996. The court extended the time for completion of proceedings and award till 31.03.2025 and disposed of the petition.

What did the court decide?

Extension of time for completion of arbitral proceedings and making of arbitral award granted till 31.03.2025.

Ncc Ltd. Vs Yuval Infratech Pvt. Ltd. — Arbitration | Delhi HC (2024)

¶1

$~39

¶2

IN THE HIGH COURT OF DELHI AT NEW DELHI

¶3

- O.M.P.(MISC.)(COMM.) 776/2024 NCC LTD. .....Petitioner

¶4

Through: Mr. Adhish Srivastava, Mr. Sujit Kr. Singh and Ms. Anuska Arora, Advs.

¶5

versus

¶6

YUVAL INFRATECH PVT. LTD. .....Respondent Through: Mr. Nitiesh Mehra and Ms. Hitaakshi Mehra, Advs.

¶7

CORAM:

¶8

HON'BLE MR. JUSTICE SACHIN DATTA

¶9

O R D E R % 03.10.2024

¶10

This is a joint petition filed under Section 29A of the Arbitration and Conciliation Act, 1996 seeking extension of time for completion of arbitral proceedings and making of arbitral award.

¶11

Learned Sole Arbitrator came to be appointed vide order dated 20.10.2020, passed in ARB.P. 306/2020.

¶12

Respective counsel for the parties jointly submit that the learned Sole Arbitrator has conducted the arbitral proceedings with expedition and dispatch, however, considerable time was consumed due to the voluminous record of the case.

¶13

Respective counsel for the parties submit that presently the matter is at the stage of final arguments before the learned Sole Arbitrator. It is jointly requested that a suitable extension of time be granted to enable the learned Sole Arbitrator to conclude the arbitral proceedings and make the arbitral award.

¶14

This is a digitally signed order.

¶15

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 07/10/2024 at 15:55:00

¶16

Considering the averments made in the petition and submissions of respective counsel, the time period for completion of arbitral proceedings and making of the arbitral award is extended till 31.03.2025.

¶17

The petition stands disposed of in the above terms.

¶18

SACHIN DATTA, J

¶19

OCTOBER 3, 2024/ cl

¶20

This is a digitally signed order.

¶21

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 07/10/2024 at 15:55:00

Ncc Ltd. v. Yuval Infratech Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

Ncc Ltd. v. Yuval Infratech Pvt. 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

Similar cases

Ahluwalia Contracts India Limited Vs Delhi Agricultural Marketing Board

M/S Fiitjee Ltd. Vs Shri Hari Education Trust & Anr.

Punit Aneja & Anr. Vs Vp Spaces Private Limited & Ors.

Religare Finvest Limited Vs M/S Marubhumi Dealers Pvt. Ltd.

M/S Dreamdoor Ventures Vs M/S Lenskart Solutions Private Limited

Iccg India Pvt. Ltd. Vs Plant Lipids Pvt. Ltd.

Sms Limited Vs Oil and Natural Gas Corporation Limited

The South Indian Bank Ltd. Vs Transstroy Trichy Karaikudi Tollways Pvt. Ltd. & Anr.

Shamlaji Expressway Private Limited Vs National Highways Authority of India

Aravali Power Company Pvt.Ltd Vs Subash Infraengineers Pvt.Ltd.

Moneywise Financial Services Pvt. Ltd. Vs Ess Kay Enterprises through Its Prop Harshit Gupta and Ors.

Rudra Buildwell Pvt. Ltd. Vs Realworth India Pvt. Ltd.

M/S Energy Efficiency Services Limited (Eesl) Vs Public Works Department Government of Maharashtra

Priti Saraf Vs Meera Goyal