Disposed

Akn Developers Pvt. Ltd. v. M/S Presmsons Southend.

Delhi HC7 Nov 2024O.M.P.(MISC.)(COMM.)/864/2024

Case brief

AI extract

What is this about?

Petition under Section 29A(4) and (5) of the Arbitration and Conciliation Act, 1996 seeking extension of the Arbitral Tribunal's mandate, constituted on 02.05.2022, after expiry of the award period on 23.01.2024. The court extended the mandate by one year to enable pronouncement of the award.

What did the court decide?

Mandate of the Arbitral Tribunal extended by one year for pronouncement of the award; petition disposed of with pending applications.

Akn Developers Pvt. Ltd. Vs M/S Presmsons Southend. — Arbitration | Delhi HC (2024)

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$~41

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P.(MISC.)(COMM.) 864/2024 & I.A. 44316/2024

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AKN DEVELOPERS PVT. LTD. .....Petitioner

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Through: Ms. Sunanda Tulsyan, Mr. Kashish Maheshwari and Mr. Rajesh Bansal, Advocates.

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versus

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M/S PRESMSONS SOUTHEND. .....Respondent Through: Mr. Nikhil Palli and Ms. Niyati Razdan, Advocates.

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CORAM:

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HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD

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O R D E R

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% 07.11.2024

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This is a petition under Section 29A(4) & 29A(5) of the Arbitration & Conciliation Act, 1996 for extending the mandate of the Arbitral Tribunal for a period of one year in the arbitration proceedings which are going on between the parties before the Arbitral Tribunal.

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Material on record indicates that the Arbitral Tribunal was constituted on 02.05.2022. It is stated that the time period for making the award has come to an end on 23.01.2024 and therefore the Petitioner has approached this Court for extension of time for making the award. It is stated by the learned Counsel for the Petitioner that additional time of one year would be required for making the Arbitral Award.

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In view of the above, this Court is inclined to extend the mandate of the Arbitral Tribunal for a further period of one year so that the Award can be pronounced and no further extension of time would be required by the

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This is a digitally signed order. 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 03/07/2025 at 04:19:30

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Tribunal.

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The petition is disposed of, along with the pending applications, if any.

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SUBRAMONIUM PRASAD, J

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NOVEMBER 7, 2024 hsk

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Akn Developers Pvt. Ltd. v. M/S Presmsons Southend.

Case brief

What is this about?

What did the court decide?

Akn Developers Pvt. Ltd. v. M/S Presmsons Southend.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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