Allowed¶22

Punj Lloyd Ltd. v. Indian Oil Corporation Ltd.

Delhi HC4 Mar 2025O.M.P.(MISC.)(COMM.)/201/2025

Case brief

AI extract

What is this about?

What did the court decide?

Extension of the mandate of the Arbitral Tribunal for passing the award for one year, with effect from 28.02.2025; proceedings conducted after the mandate expired stand validated and regularised; petition disposed of. ¶22

Punj Lloyd Ltd. Vs Indian Oil Corporation Ltd. — Arbitration | Delhi HC (2025)

What the court decided

AI extract

Outcome

¶22

Issue for consideration

Whether the mandate of the Arbitral Tribunal, which expired on 28.02.2025, should be extended for a period of one year w.e.f. 28.02.2025 for concluding the Arbitral proceedings and passing of the Award.

¶16

Court's answer

Considering the request and the respondent's no objection, the present petition is allowed and the mandate of the Arbitral Tribunal for passing the award is extended for a period of one year, with effect from 28.02.2025.

¶22

Ratio / Principle

It is further observed that any proceedings conducted after the mandate expired shall also stand validated and regularised.

¶22

Key takeaways

The exemption application (I.A. 5790/2025) is allowed, subject to all just exceptions.ratio¶13

Detailed headnote1 paragraphs

O.M.P.(MISC.)(COMM.) 201/2025, High Court of Delhi, order dated 04.03.2025 — Punj Lloyd Ltd v. Indian Oil Corporation Ltd; bench: Hon'ble Mr. Justice Manoj Kumar Ohri (author). Petition under Section 29A (4) & (5) of the Arbitration and Conciliation Act, 1996 sought a one-year extension of the Arbitral Tribunal's mandate w.e.f. 28.02.2025, petitioner's counsel stating the mandate had expired on 28.02.2025. Respondent appeared on advance copy, accepted notice and raised no objection. The petition was accordingly allowed: the mandate of the Arbitral Tribunal for passing the award was extended for one year with effect from 28.02.2025, and it was further observed that any proceedings conducted after the mandate expired shall stand validated and regularised; the petition was disposed of. Companion exemption application I.A. 5790/2025 was allowed subject to all just exceptions and disposed of. No dissenting opinion; no precedents cited or engaged with; no monetary quantum involved.

¶1

$~57

¶2

IN THE HIGH COURT OF DELHI AT NEW DELHI

¶3

- O.M.P.(MISC.)(COMM.) 201/2025

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PUNJ LLOYD LTD .....Petitioner

¶5

Through: Ms.Sabah Iqbal Siddiqui, Advocate

¶6

versus

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INDIAN OIL CORPORATION LTD .....Respondent Through: Mr.Abhishek Bhirtray, Mr.Amit Meharia, Mr.Abhinash, Mr.Sambhav and Mr.Shashwat Roy, Advocates

¶8

CORAM:

¶9

HON'BLE MR. JUSTICE MANOJ KUMAR OHRI

¶10

O R D E R

¶11

% 04.03.2025

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I.A. 5790/2025 (exemption)

¶13

Allowed, subject to all just exceptions.

¶14

The application stands disposed of.

¶15

O.M.P.(MISC.)(COMM.) 201/2025

¶16

By way of the present petition filed under Section 29A (4) & (5) of the Arbitration and Conciliation Act, 1996 (hereinafter, 8A&C Act9), the petitioner seeks extension of mandate of the Arbitral Tribunal (AT) for a period of one year w.e.f. 28.02.2025 for concluding the Arbitral proceedings and passing of the Award.

¶17

Learned counsel for the petitioner submits that the mandate of the Arbitral Tribunal has expired on 28.02.2025.

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Issue notice.

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This is a digitally signed order.

¶20

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 01/07/2025 at 16:28:50

¶21

Learned counsel appears on behalf of the respondent on advance copy, accepts notice and submits that the respondent has no objection to the prayer made in the petition.

¶22

Considering the aforesaid request and the no objection given by the other side, the present petition is allowed and the mandate of the Arbitral Tribunal for passing the award is extended for a period of one year, with effect from 28.02.2025. It is further observed that any proceedings conducted after the mandate expired, shall also stand validated and regularised.

¶23

Accordingly, the present petition is disposed of.

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MANOJ KUMAR OHRI, J

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MARCH 4, 2025 na

¶26

This is a digitally signed order.

¶27

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 01/07/2025 at 16:28:50

Punj Lloyd Ltd. v. Indian Oil Corporation Ltd.

Case brief

What is this about?

What did the court decide?

Punj Lloyd Ltd. v. Indian Oil Corporation Ltd.

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Statutes considered

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