SPML Infra Limited v. Power Grid Corporation of India Limited

Delhi High Court · 31 Aug 2024 · 2024:DHC:5934
C. Hari Shankar
O.M.P.(MISC.)(COMM.) 583/2024
2024:DHC:5934
arbitration petition_allowed

AI Summary

The Delhi High Court allowed the petition to extend the mandate of the arbitral tribunal by six months under Section 29A(5) of the Arbitration and Conciliation Act, 1996.

Full Text
Translation output
O.M.P.(MISC.)(COMM.) 583/2024
HIGH COURT OF DELHI
O.M.P.(MISC.)(COMM.) 583/2024 & I.A. 35759/2024
SPML INFRA LIMITED .....Petitioner
Through: Mr. Siddhant Jaiswal, Adv.
VERSUS
POWER GRID CORPORATION OF INDIA LIMITED .....Respondent
Through:
CORAM:
HON'BLE MR. JUSTICE C. HARI SHANKAR O R D E R (ORAL)
07.08.2024
JUDGMENT

1. This is a petition under Section 29A (5) of the Arbitration and Conciliation Act, 1996 (“the 1996 Act”) seeking extension of the mandate of learned Arbitral Tribunal presently in seisin of the dispute between the parties which is due to expire on 31 August 2024.

2. Learned Counsel for the respondent has no objection.

3. Accordingly, the mandate of the learned Arbitral Tribunal shall stand extended by a period of six months w.e.f. 31 August 2024.

4. The petition stands allowed in the aforesaid terms.