Disposed

Indian Oil Corporation Limited v. Inox Wind Limited

Delhi HC22 Nov 2024O.M.P.(MISC.)(COMM.)/914/2024

Case brief

AI extract

What is this about?

Petition under Section 29-A(4)-(5) of the Arbitration and Conciliation Act seeking a further twelve-month extension of the arbitral tribunal's mandate, with both parties jointly requesting it as evidence was being recorded. The court allowed the petition and extended the mandate from 30.11.2024.

What did the court decide?

Mandate of Arbitral Tribunal extended by twelve months w.e.f. 30.11.2024; petition disposed of with pending applications, if any.

Indian Oil Corporation Limited Vs Inox Wind Limited — Arbitration | Delhi HC (2024)

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$~36

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P.(MISC.)(COMM.) 914/2024

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INDIAN OIL CORPORATION LIMITED .....Petitioner Through: Mr. Divjyot Singh and Mr. Nipun Dwivedi, Advocates

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versus

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INOX WIND LIMITED .....Respondent Through: Mr. Salil Sinha, Mr. Vipul Kr. Sharma, Mr. Kushal Mishra and Ms. Stuti Jain, Advocates

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CORAM:

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HON'BLE MS. JUSTICE MANMEET PRITAM SINGH ARORA O R D E R

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% 22.11.2024

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This is a petition under Section 29-A (4) and (5) of the Arbitration and Conciliation Act, 1996 (‘Act of 1996’) seeking extension of mandate of the Arbitral Tribunal by a further period of twelve (12) months w.e.f. 30.11.2024 for completion of arbitral proceedings and making of arbitral award.

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It is stated that previously a similar petition under Section 29-A of the Act of 1996 was filed and this Court vide order dated 07.12.2023 in O.M.P.(MISC) (COMM.) 384/2023 had extended the mandate of the Arbitral Tribunal for a period of fifteen (15) months w.e.f. 01.09.2024 to 30.11.2024.

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Mr. Salil Sinha, Advocate enters appearance on behalf of the Respondent and states that he as well, joins the Petitioner’s request of

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Page 1 of 2

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O.M.P.(MISC.)(COMM.) 914/2024

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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 25/11/2024 at 15:34:23

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extending the mandate of the Arbitral Tribunal by a period of twelve (12) months.

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Learned counsels for the parties’ state that the arbitral proceedings are at the stage of recording of evidence. They state that witnesses of the Indian Oil Corporation Limited (‘IOCL’) are being currently examined.

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Having considered the averments made in the petition and in view of the joint request of the parties, the petition is allowed and the mandate of the Arbitral Tribunal for completion of arbitral proceedings and for passing an arbitral award is extended by a period of twelve (12) months w.e.f. 30.11.2024.

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

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MANMEET PRITAM SINGH ARORA, J NOVEMBER 22, 2024/ rhc/AKT

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Page 2 of 2

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O.M.P.(MISC.)(COMM.) 914/2024

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Indian Oil Corporation Limited v. Inox Wind Limited

Case brief

What is this about?

What did the court decide?

Indian Oil Corporation Limited v. Inox Wind Limited

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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