Il and Fs Energy Development Company Limited v. Amity University Uttar Pradesh
High Court of Delhi (Jasmeet Singh, J) – O.M.P.(MISC.)(COMM.) 588/2025
Case brief
What is this about?
Delhi High Court order disposing of a Section 29A Arbitration and Conciliation Act 1996 petition (O.M.P.(MISC.)(COMM.) 588/2025) for extension of the arbitral tribunal's mandate by 3 months; parties had reached a settlement and the petitioner (IL AND FS ENERGY DEVELOPMENT COMPANY LIMITED) formally withdrew its claims before the Court, so no extension of the mandate was required; statement taken on record and parties bound; relevant keywords: Section 29A, extension of arbitral mandate, arbitration proceedings, settlement, withdrawal of claims, disposal of petition.
What did the court decide?
No extension of the arbitral mandate was granted; the petition was disposed of after the petitioner's counsel stated before the Court that the claims of the petitioner stood formally withdrawn in view of the settlement, with the statement taken on record and the parties bound by it.