Hiranand Kishinchand Gangwani v. Oyo Apartment Investment LLP

Delhi High Court · 16 Aug 2024 · 2024:DHC:6863
C. Hari Shankar
OMP(MISC)(COMM) 685/2024
2024:DHC:6863
arbitration petition_allowed

AI Summary

The Delhi High Court granted a six-month extension of the Arbitral Tribunal's mandate under Section 29A of the Arbitration and Conciliation Act, 1996, with no objection from the respondent.

Full Text
Translation output
OMP(MISC)(COMM) 685/2024
HIGH COURT OF DELHI
O.M.P.(MISC.)(COMM.) 685/2024 and IA 38478/2024
HIRANAND KISHINCHAND GANGWANI .....Petitioner
Through: Mr. Rishi Bhatnagar and Mr. Rishabh Gaur, Adv.
VERSUS
OYO APARTMENT INVESTMENT LLP .....Respondent
Through: Mr. Harsh Prakash, Adv.
CORAM:
HON'BLE MR. JUSTICE C. HARI SHANKAR O R D E R (ORAL)
05.09.2024
JUDGMENT

1. This is a petition under Section 29A of the Arbitration and Conciliation Act 1996[1] for extension of the mandate of the learned Arbitral Tribunal, which was in seisin of the dispute between the parties.

2. The mandate of the learned Arbitral Tribunal is stated to have expired on 16 August 2024.

3. Learned Counsel for the respondent has no objection.

4. Accordingly, the mandate of the learned Arbitral Tribunal stands extended by a period of six months from today. “the 1996 Act”, hereinafter OMP(MISC)(COMM) 685/2024

5. The petition stands disposed of in the aforesaid terms.

C. HARI SHANKAR, J.