OIL AND NATURAL GAS CORPORATION LIMITED v. HINDUSTAN OIL EXPLORATION CORPORATION LTD & ANR.

Delhi High Court · 25 Oct 2021 · 2021:DHC:3360
C. Hari Shankar
O.M.P.(MISC.)(COMM.) 154/2021
2021:DHC:3360
civil petition_allowed

AI Summary

The Delhi High Court allowed the petitioner’s application to extend the Arbitral Tribunal’s mandate by six months under Section 29A(6) of the Arbitration & Conciliation Act, 1996, with no objection from respondents.

Full Text
Translation output
O.M.P.(MISC.)(COMM.) 154/2021
HIGH COURT OF DELHI
O.M.P.(MISC.)(COMM.) 154/2021 & I.A.13707/2021, I.A.13708/2021
OIL AND NATURAL GAS CORPORATION LIMITED..... Petitioner
Through: Mr.K.R. Sasiprabhu and Mr.Vinayak Maini, Advs.
VERSUS
HINDUSTAN OIL EXPLORATION CORPORATION LTD & ANR. ..... Respondents
Through: Mr. Sunil J. Mathews, Col.
Amit Kumar (Retd.), Mr.Rohan Wadhwa and Mr. Varnalee Mishra, Advs.
CORAM:
HON'BLE MR. JUSTICE C. HARI SHANKAR O R D E R (O R A L)
25.10.2021
I.A.13707/2021, I.A.13708/2021 (exemptions)
JUDGMENT

1. Allowed subject to all just exceptions.

2. The applications are disposed of.

3. This is an application under Section 29A(6) of the Arbitration & Conciliation Act, 1996, for extending the mandate of the Arbitral Tribunal, in seisin of the dispute between the parties by six months with effect from 2nd October, 2021. 2021:DHC:3360

4. Learned Counsel for the respondents has no objection.

5. Accordingly, the mandate of the learned Arbitral Tribunal stands extended by six months with effect from 2nd October, 2021. The petition stands allowed accordingly.

C. HARI SHANKAR, J

OCTOBER 25, 2021