Mb Power (Madhya Pradesh) Limited v. the New India Assurance Company Ltd.
Case brief
What is this about?
Petitioner sought extension of the arbitral tribunal's mandate under Section 29A of the Arbitration and Conciliation Act, 1996, in insurance-policy dispute proceedings at cross-examination stage. Respondent raised no objection and the mandate was extended to 28.02.2026.
What did the court decide?
Mandate of the Arbitral Tribunal extended upto 28.02.2026 with consent of parties.