Punj Lloyd Ltd. v. Indian Oil Corporation Ltd.
Case brief
What is this about?
Delhi High Court order dated 17.02.2025 in O.M.P.(MISC.)(COMM.) 146/2025 (Subramonium Prasad, J): extension of arbitrator mandate under Section 29A(4) & (5) of the Arbitration and Conciliation Act, 1996; Punj Lloyd Ltd v. Indian Oil Corporation Ltd; tribunal constituted 13.03.2019; prior extensions (six months from February 2023 by consent; one year from 24.02.2024 via O.M.P.(MISC.) (COMM.) 119/2024); award reserved after rejoinder arguments; mandate extended till 30.09.2025; petition disposed of; respondent counsel raised no objection.
What did the court decide?
Extension of the mandate of the Arbitral Tribunal till 30.09.2025; the petition disposed of along with pending applications, if any. ¶22