Tata Capital Limited v. Shyam Karan Trivedi & Ors.

Delhi HC2 May 2025O.M.P.(MISC.)(COMM.)/70/2025

Case brief

AI extract

What is this about?

Extension of arbitral mandate under Section 29A(4) and (5), Arbitration and Conciliation Act 1996; regularization of expired mandate period (01.01.2025–01.05.2025); consent-based extension of six months; Delhi High Court O.M.P.(MISC.)(COMM.) 70/2025; Tata Capital Limited v. Shyam Karan Trivedi & Ors.; Channel Finance Agreement dated 27.01.2018; loan facility arbitration at final-arguments stage; prior extension order in O.M.P.(MISC.)(COMM.) 682/2023; Jyoti Singh, J.; decided 02.05.2025.

What did the court decide?

Extension of the mandate of the Arbitral Tribunal by 06 months from 02.05.2025; regularization of the period between 01.01.2025 and 01.05.2025; petition allowed and disposed of. ¶¶19

Tata Capital Limited Vs Shyam Karan Trivedi & Ors. — Arbitration | Delhi HC (2025)

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$~9

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P.(MISC.)(COMM.) 70/2025

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TATA CAPITAL LIMITED .....Petitioner Through: Mr. Savyasachi K. Sahai, Mr. Aman Singhania and Ms. Madhumita Bagchi, Advocates.

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versus

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SHYAM KARAN TRIVEDI & ORS. .....Respondents Through: Mr. Anuj Agarwal and Dr. Sarvam Ritam Khare, Advocates for R-1 and R-2.

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CORAM:

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HON'BLE MS. JUSTICE JYOTI SINGH

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O R D E R % 02.05.2025

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This petition is preferred on behalf of the Petitioner under Section 29A (4) and (5) of the Arbitration and Conciliation Act, 1996 (‘1996 Act’) seeking extension of the mandate of the Arbitral Tribunal by a period of 06 months.

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Disputes having arisen between the parties in respect of a Loan Facility under Channel Finance Agreement dated 27.01.2018, Sole Arbitrator was appointed for adjudication of the disputes. Pleadings were completed on 25.06.2022. By order dated 05.03.2024, this Court in O.M.P. (MISC.) (COMM.) 682/2023 extended the mandate till 31.12.2024. As per the averments in the petition, the arbitral proceedings are at the stage of final arguments, for which date has been fixed for 14.05.2025 and in this backdrop, extension of the mandate is sought.

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Learned counsels for the parties jointly submit that the mandate be

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Page 1 of 2

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O.M.P.(MISC.)(COMM.) 70/2025

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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 16:32:28

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JYOTI SINGH, J

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extended so that the arguments can be concluded and Arbitral Award can be passed.

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Accordingly, with the consent of the parties and considering that the arbitral proceedings are at the stage of final arguments, mandate of the Arbitral Tribunal is extended by a period of 06 months from 02.05.2025 and period between 01.01.2025 to 01.05.2025 is regularized.

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Petition is allowed and disposed of in the aforesaid terms.

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MAY 2, 2025/YA

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Page 2 of 2

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O.M.P.(MISC.)(COMM.) 70/2025

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This is a digitally signed order.

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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 16:32:28

Tata Capital Limited v. Shyam Karan Trivedi & Ors.

Case brief

What is this about?

What did the court decide?

Tata Capital Limited v. Shyam Karan Trivedi & Ors.

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Statutes considered

Procedural history

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