The Single Judge allowed applications seeking an extension of time for an Arbitral Tribunal to pass an Award. The Court directed the Tribunal to pass the Award within four months.
Arbitral Tribunal directed to pass an Arbitral Award within four months from the date of receipt of the order.
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Application Nos.4192 and 4213 of 2023
Application Nos.4192 and 4213 of 2023
ABDUL QUDDHOSE, J.
M/s.Thiraviam Engineering Pvt. Ltd., rep. by its Managing Director T.John Vasigaran .. Applicant in both cases
vs
M/s.Felguera Gruas India Pvt. Ltd., rep. by its Managing Director Luis Alfonso Zapico .. Respondent in both cases
These applications have been filed under Section 29-A of the Arbitration and Conciliation Act seeking for extension of time for the Arbitral Tribunal to pronounce an Arbitral Award.
2.As seen from the affidavit, the Arbitration is in the arguments stage.
3.Learned counsel for the respondent has not raised any serious objection for allowing these applications.
4.This Court is also satisfied for the reasons contained in support of these applications for seeking extension of time for the Arbitral Tribunal to pass an Arbitral Award.
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Application Nos.4192 and 4213 of 2023
ABDUL QUDDHOSE, J.
vga
5.Accordingly, these applications are allowed as prayed for and the Arbitral Tribunal is directed to pass an Arbitral Award, within a period of four months from the date of receipt of a copy of this order.
16.08.2023
vga
Application Nos.4192 and 4213 of 2023
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1 issue framed by the court
Whether to extend the time for the Arbitral Tribunal to pronounce an Arbitral Award.
1 provisions across 1 enactments
M/s. Thiraviam Engineering Pvt. Ltd.
M/s. Felguera Gruas India Pvt. Ltd.
ABDUL QUDDHOSE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
