Larsen and Tiubro v. Sinnar Thermal Power Limited & Anr.
Arbitration – Extension of mandate – Section 29A(5), Arbitration & Conciliation Act, 1996
Case brief
What is this about?
Delhi High Court order 20.01.2025, Justice Subramonium Prasad, O.M.P.(MISC.)(COMM.) 990/2024: Larsen and Tiubro v Sinnar Thermal Power Limited & Anr. – petition under Section 29A(5) Arbitration & Conciliation Act 1996 for extension of Arbitral Tribunal mandate after expiry of twelve-month and mutually extended six-month periods; Section 29A(4) read with 29A(5) post-expiry maintainability per Rohan Builders (India) Pvt Ltd v Berger Paints India Ltd, 2024 SCC OnLine SC 2494; coexistence of ongoing arbitration with CIRP/insolvency – Section 14 Insolvency and Bankruptcy Code 2016 moratorium on Respondent No.1; prior Court extension (Order 02.02.2024, OMP (Misc) (Comm) 20/2024) till 31.12.2024; new extension granted one year till 31.12.2025 with Award reserved; petition disposed.
What did the court decide?
Mandate of the Arbitral Tribunal extended for one year, till 31.12.2025, to enable pronouncement of the arbitral award; petition disposed of along with pending applications, if any.