Larsen and Tourbo v. Elena Power and Infrastructure Limited & Anr.
Arbitration & Conciliation Act, 1996 – S.29A(5) – extension of mandate of Arbitral Tribunal
Case brief
What is this about?
Section 29A(5) Arbitration & Conciliation Act 1996 extension of arbitral tribunal mandate after expiry; Section 29A(4) read with Section 29A(5) maintainability post-expiry per Rohan Builders (India) Private Limited v. Berger Paints India Limited, 2024 SCC OnLine SC 2494; Section 14 Insolvency and Bankruptcy Code 2016 moratorium; CIRP against Elena Power and Infrastructure Limited (Respondent No.1) dated 06.05.2022; mutual consent extension between Larsen and Tourbo and Respondent No.2; earlier extension order dated 02.02.2024 in OMP (Misc.) (Comm.) No.637/2023 up to 31.12.2024; award reserved, arguments concluded; mandate extended one year till 31.12.2025; petition disposed of with pending applications; Delhi High Court, Subramonium Prasad J, order dated 20.01.2025.
What did the court decide?
Mandate of the Arbitral Tribunal extended by one year, till 31.12.2025, to enable pronouncement of the award; petition disposed of along with pending applications, if any.