Parasramka Holdings Pvt. Ltd. v. Ambience Pvt. Ltd.
Arbitration and Conciliation Act, 1996 – Section 29A(4) & (5)
Case brief
What is this about?
Delhi High Court; Subramonium Prasad, J.; O.M.P. (MISC.) 37/2025, 38/2025, 39/2025; Section 29A(4) & (5) Arbitration and Conciliation Act 1996; extension of mandate of Sole Arbitrator after expiry of extended period; regularization of lapsed period from 01.12.2025; mandate extended till 30.04.2026; Rohan Builders (India) Pvt. Ltd. v. Berger Paints India Ltd., 2024 SCC OnLine SC 2494 relied on; Section 8 reference from Civil Suit CS (OS) 126/2017; recovery claim Rs.3,52,49,060/-; clubbed reference and counter-reference; award pronouncement awaited; Mili Marketing / Moran Plantation / Parasramka Holdings vs Ambience Pvt. Ltd.
What did the court decide?
Mandate of the Arbitral Tribunal extended till 30.04.2026, with the period from 01.12.2025 till the date of the order regularized, so that the Award can be pronounced; exemption applications (I.A. 30424/2025, I.A. 30425/2025 and I.A. 30426/2025) allowed subject to all just exceptions; petitions disposed of along with pending applications, if any.