M/s The Waterbase Limited, Rep.by its authorized signatory Mr.R.Sureshkumar, v. M/s Rising Tide
Case brief
What is this about?
In an application filed under Order XIV Rule 8 of the Original Side Rules and Section 29A of the Arbitration and Conciliation Act, 1996, the Single Judge extended the mandate of the Arbitral Tribunal for six months to allow the completion of proceedings and passing of the award.
What did the court decide?
The mandate of the Arbitral Tribunal to pass an Award is extended by a period of six months.