Allowed
M/S Power Mech Projects Limited v. M/S NTPC Bhel Power Projects Private Limited
Delhi HCO.M.P.(MISC.)(COMM.)/797/2024
Case brief
AI extract
What is this about?
The Delhi High Court allowed an application seeking extension of an Arbitral Tribunal's mandate by 12 months under Section 29A of the Arbitration Act, 1996. The court accepted the respondent's inability to participate due to Corporate Insolvency Resolution Process as sufficient cause, regularized the delay, and disposed of the petition.
What did the court decide?
Extended the mandate of the Arbitral Tribunal by 12 months from the date of the order and regularized the period up to 05.10.2024.