GEO GPT JV v. POWER GRID CORPORATION OF INDIA LTD

Delhi High Court · 05 Jan 2021 · 2021:DHC:23
C. Hari Shankar
O.M.P.(MISC.)(COMM.) 3/2021
2021:DHC:23
arbitration petition_allowed

AI Summary

The Delhi High Court granted an extension of time until 31st March 2021 to the Arbitral Tribunal to complete arbitration proceedings under Section 29A of the Arbitration & Conciliation Act, 1996, on consent of the parties.

Full Text
Translation output
O.M.P.(MISC.)(COMM.) 3/2021
HIGH COURT OF DELHI
O.M.P.(MISC.)(COMM.) 3/2021 & I.A.99/2021
GEO GPT JV ..... Petitioner
Through: Mr. Waheb Hussaini & Mr. Vipul Agrawal, Advs.
VERSUS
POWER GRID CORPORATION OF INDIA LTD..... Respondent
Through: Mr. Pranay Kishore Mishra, Adv.
CORAM:
HON'BLE MR. JUSTICE C. HARI SHANKAR 05.01.2021
(Video-Conferencing)
ORDER

1. This is an application under sub-sections 1 and 3 of Section 29A of the Arbitration & Conciliation Act, 1996, for extending the time of the learned Arbitral Tribunal, to arbitrate on the dispute between the petitioner and the respondent, with respect to which the learned Arbitral Tribunal entered on the reference on 8th January 2019, by three months till 28th February, 2021.

2. However, as one month, since the expiry of the time available with the learned Arbitral Tribunal has already elapsed, Mr. Waheb Hussaini, learned counsel for the petitioner prays that extension of time may be granted till 31st March, 2021. 2021:DHC:23 O.M.P.(MISC.)(COMM.) 3/2021

3. Mr. Pranay Kishore Mishra, learned counsel for the respondent, has no objection.

4. Accordingly, the time available with the learned sole arbitrator to complete the arbitral proceedings and render award, on the dispute with which the learned Arbitral Tribunal is seized, shall stand extended till 31st March, 2021.

5. This petition stands allowed in the aforesaid terms.

C. HARI SHANKAR, J.

JANUARY 5, 2021