Allowed

Jatayu Enterprises Services v. State Bank of India & Anr.

Delhi HC20 Jan 2025O.M.P.(MISC.)(COMM.)/62/2025

Case brief

AI extract

What is this about?

Petition under Section 29A(5) seeking extension of the arbitral tribunal's mandate, which had expired on 06.06.2024. Respondents raised no objection; the court extended the mandate by ten months and validated post-expiry proceedings.

What did the court decide?

Mandate of Arbitral Tribunal extended for 10 months w.e.f. 06.06.2024; post-expiry proceedings validated; parties to appear before Sole Arbitrator on 27.01.2025.

Jatayu Enterprises Services Vs State Bank of India & Anr. — Arbitration | Delhi HC (2025)

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$~95

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P.(MISC.)(COMM.) 62/2025

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JATAYU ENTERPRISES SERVICES .....Petitioner

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Through: Mr.Manmeet Singh Oberoi, Advocate

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versus

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STATE BANK OF INDIA & ANR. .....Respondents Through: Mr.Karn Kumar, Mr.Ishpal Singh and Mr.Ashutosh Deol, Advocates

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CORAM:

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HON'BLE MR. JUSTICE MANOJ KUMAR OHRI

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O R D E R % 20.01.2025

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I.A. 1431/2025 (exemption)

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Allowed, subject to all just exceptions.

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The application stands disposed of.

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I.A. 1430/2025 (delay)

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By way of present application, the petitioner/applicant seeks condonation of delay of 70 days and 60 days in filing and re-filing the petition, respectively.

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For the reasons stated in the application, the same is allowed and the delay of 70 days and 60 days in filing and re-filing the petition, respectively, is condoned.

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In view of the above, the application stands disposed of.

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O.M.P.(MISC.)(COMM.) 62/2025

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By way of the present petition filed under Section 29A (5) of the

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This is a digitally signed order. 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 16:30:11

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Arbitration and Conciliation Act, 1996, the petitioner seeks extension of the Arbitral Tribunal till 31.03.2025 for concluding the Arbitral proceedings and passing the Award.

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Learned counsel for the petitioner submits that the mandate of the Arbitral Tribunal has expired on 06.06.2024. He further submits that the mandate was previously extended on 19.12.2023 for a period of six months.

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Issue notice.

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Learned counsel for the respondents accepts notice and submits that the respondents have no objection to the prayer made in the petition.

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At this stage, learned counsels for the parties submit that the matter is at the stage of respondent’s evidence.

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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 is extended for a period of 10 months with effect from 06.06.2024. It is further observed that any proceedings conducted after the expiry of the mandate shall also stand validated and regularised.

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The parties shall appear before the learned Sole Arbitrator on 27.01.2025.

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The present petition is accordingly disposed of.

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MANOJ KUMAR OHRI, J

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JANUARY 20, 2025 na

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Jatayu Enterprises Services v. State Bank of India & Anr.

Case brief

What is this about?

What did the court decide?

Jatayu Enterprises Services v. State Bank of India & Anr.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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