Allowed

Religare Finvest Limited v. Konti Infrapower and Multiventures Private Limited and Ors.

Delhi HC19 Nov 2024O.M.P.(MISC.)(COMM.)/894/2024

Case brief

AI extract

What is this about?

The Delhi High Court allowed applications seeking an extension of time under Section 29A(4) and (5) of the Arbitration and Conciliation Act, 1996. The court extended the period for completing arbitral proceedings and making an award jointly requested by counsel.

What did the court decide?

The time period for completion of arbitral proceedings and making of arbitral award is extended till 01.12.2025.

Religare Finvest Limited Vs Konti Infrapower and Multiventures… — Arbitration | Delhi HC (2024)

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$~83,84, 85

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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O.M.P.(MISC.)(COMM.) 894/2024 (83) RELIGARE FINVEST LIMITED .....Petitioner Through: Mr. Siddharth Sharma and Ms. Ishika Chauhan, Advs.

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versus

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KONTI INFRAPOWER AND MULTIVENTURES PRIVATE LIMITED AND ORS .....Respondents Through: Mr. Aman Raj Gandhi, Mr. Vardaan Bajaj and Ms. Ojasvi Sharma, Advs. (through v/c)

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O.M.P.(MISC.)(COMM.) 895/2024 (84) RELIGARE FINVEST LIMITED .....Petitioner Through: Mr. Siddharth Sharma and Ms. Ishika Chauhan, Advs. versus

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ASIAN SATELLITE BROADCAST PRIVATE LIMITED AND ORS .....Respondents Through: Mr. Aman Raj Gandhi, Mr. Vardaan Bajaj and Ms. Ojasvi Sharma, Advs. (through v/c)

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O.M.P.(MISC.)(COMM.) 896/2024 (85) RELIGARE FINVEST LIMITED .....Petitioner Through: Mr. Siddharth Sharma and Ms. Ishika Chauhan, Advs. versus EDISONS INFRAPOWER AND MULTIVENTURE PRIVATE LIMITED AND ANR .....Respondents Through: Mr. Aman Raj Gandhi, Mr. Vardaan Bajaj and Ms. Ojasvi Sharma, Advs. (through v/c) CORAM:

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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 26/11/2024 at 12:01:43

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HON'BLE MR. JUSTICE SACHIN DATTA

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O R D E R

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% 19.11.2024

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IA No.45261/2024 (Exemption) in O.M.P.(MISC.)(COMM.) 894/2024 IA No.45262/2024 (Exemption) in O.M.P.(MISC.)(COMM.) 895/2024 IA No.45263/2024(Exemption) in O.M.P.(MISC.)(COMM.) 896/2024

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Allowed, subject to all just exceptions.

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Applications stand disposed of.

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O.M.P.(MISC.)(COMM.) 894/2024 O.M.P.(MISC.)(COMM.) 895/2024 O.M.P.(MISC.)(COMM.) 896/2024

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The present petitions filed under Section 29A (4) and (5)of the Arbitration and Conciliation Act, 1996, seek extension of time for completion of arbitral proceedings and making of the arbitral award.

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Vide order dated 07.10.2024, passed in OMP (T) (COMM.) 100/2024 & Ors., this Court had substituted the predecessor arbitrator upon her withdrawing from her office.

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Respective counsel for the parties jointly request that appropriate extension of time be granted for completion of arbitral proceedings and making of the arbitral award.

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Considering the averments made in the petitions and the joint request of respective counsel, the time period for completion of arbitral proceedings and making of arbitral award is extended till 01.12.2025.

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The petitionsare allowed in the above terms.

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SACHIN DATTA, J

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NOVEMBER 19, 2024/ cl

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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 26/11/2024 at 12:01:43

Religare Finvest Limited v. Konti Infrapower and Multiventures Private Limited and Ors.

Case brief

What is this about?

What did the court decide?

Religare Finvest Limited v. Konti Infrapower and Multiventures Private Limited and Ors.

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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