Promac Engineering Industries Ltd. v. Cement Corporation of India Ltd.
Case brief
What is this about?
Promac Engineering Industries Ltd. v. Cement Corporation of India Ltd.; O.M.P.(MISC.)(COMM.) 130/2025; Delhi High Court; Justice Manoj Kumar Ohri; order dated 07.02.2025; extension of mandate of Arbitral Tribunal under Section 29(A)(5) of the Arbitration and Conciliation Act, 1996; mandate expired 25.01.2025; 6-month extension w.e.f. 25.01.2025; validation and regularisation of proceedings conducted after expiry; no objection by respondent; petition disposed of; I.A. 3281/2025 (exemption) allowed.
What did the court decide?
Petition allowed: mandate of the Arbitral Tribunal extended for 6 months with effect from 25.01.2025 for concluding the arbitral proceedings and passing the award; proceedings conducted after expiry of the last mandate validated and regularised; exemption application I.A. 3281/2025 also allowed; petition thereafter disposed of.