Gail (India) Limited v. M/S Rathi Steel and Power Ltd.
Case brief
What is this about?
Section 29A Arbitration and Conciliation Act 1996 extension of arbitral tribunal mandate after expiry; regularization of elapsed period 02.10.2024 to order date; mandate extended till 31.12.2025; conciliation proceedings ongoing between parties; Rohan Builders (India) Private Limited v. Berger Paints India Limited 2024 SCC OnLine SC 2494 relied on for post-expiry maintainability under Sections 29A(4) and 29A(5); GAIL (India) Limited petitioner, M/s Rathi Steel and Power Ltd respondent; O.M.P.(MISC.)(COMM.) 144/2025; High Court of Delhi; Subramonium Prasad, J.; 14.02.2025; tribunal originally constituted 16.02.2022 in ARB.P. 597/2021; pleadings completed 19.11.2022; exemption I.A. 3832/2025 allowed.
What did the court decide?
Mandate of the Arbitral Tribunal extended till 31.12.2025 for pronouncement of the award; period from 02.10.2024 till the date of the order regularized; Petition disposed of along with pending applications; exemption application I.A. 3832/2025 allowed subject to all just exceptions.