Punj Lloyd Ltd. v. Indian Oil Corporation Ltd.
Arbitration & Conciliation Act, 1996 – Section 29A – Extension of time for concluding arbitration proceedings
Case brief
What is this about?
Delhi High Court, O.M.P.(MISC.)(COMM.) 196/2026 & I.A. 5200/2026, order dated 25.02.2026 by Hon'ble Mr. Justice Avneesh Jhingan. Petition under Section 29A of the Arbitration & Conciliation Act, 1996 by Punj Lloyd Ltd. (through Ms. Sabah Iqbal Siddiqui and Mr. Abhijit Ghosh) seeking extension of period for concluding arbitration proceedings against Indian Oil Corporation Ltd. (through Mr. Amit, Mr. Abhishek, Mr. Abimash Agarwal and Mr. Kartikya Tripathi); respondent raised no serious objection; time period for conclusion of proceedings extended by one year; petition disposed of.
What did the court decide?
Extension of the time period for conclusion of the arbitration proceedings by one year. ¶15