Allowed
Paramount Wires and Cables Limited v. Mahanagar Telephone Nigam Limited
Delhi HCO.M.P.(MISC.)(COMM.)/993/2024
Case brief
AI extract
What is this about?
Petition under Section 29A of the Arbitration and Conciliation Act seeking extension of time to complete arbitral proceedings concerning interest on delayed payments under the MSMED Act. With both parties consenting, time was extended till 31.08.2025 and the petition was allowed.
What did the court decide?
Time for completion of arbitral proceedings and making of the arbitral award extended till 31.08.2025.