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$-24 to 27 HIGH COURT OF DELHI
O.M.P.(MISC.)(COMM.)522/2019&LA.17932/2019
POWER GRID CORPORATION OF INDIA LTD.
& ANR. Petitioners
Through: Mr.AzmatH.Amanullah,Adv.
O.M.P.(MISC.)(COMM.)522/2019&LA.17932/2019
POWER GRID CORPORATION OF INDIA LTD.
& ANR. Petitioners
Through: Mr.AzmatH.Amanullah,Adv.
VERSUS
DEEPAK CABLES(INDIA)LIMITED Respondent
Through: Dr.P.C.Markanda,Sr.Adv. with Mr. V.K.Sharma,Adv.
Through: Dr.P.C.Markanda,Sr.Adv. with Mr. V.K.Sharma,Adv.
AND
O.M.P.(MISC.)(COMM.)523/2019& LA.17933/2019
& ANR. Petitioner
& ANR. Petitioner
VERSUS
AND
^.M.P.(MISC.)(COMM.)524/2019&LA.17934/2019
^.M.P.(MISC.)(COMM.)524/2019&LA.17934/2019
VERSUS
AND
O.M.P.(MISC.)(COMM.)525/2019& LA. 17935/2019
VERSUS
2019:DHC:7665 DEEPAK CABLES(E«JDIA)LIMITED Respondent
CORAM:
HON'BLE MR.JUSTICE V.KAMESWAR RAO
18.12.2019
18.12.2019
LA.17932/2019(for exemption!in O.M.P.fMlSC.RCOMM.I 522/2019
I.A. 17933/2019(for exemption)in O.M.P.IMISC.RCOMM.)523/2019
LA.17934/2019(for exemption)in O.M.P.(MlSC.KCOMM.)524/2019
LA.17935/2019(for exemption)in O.M.P.IMISC.KCOMM.I 525/2019
Exemptions allowed subjectto alljust exceptions.
Applications stand disposed of.
0.M.P.(M1SC.RC0MM.)522/2019 O.M.P.(MlSC.KCOMM.)523/2019
O.M.P.(MlSC.)(COMM.I 524/2019 0.M.P.(M1SC.¥C0MM.I 525/2019
These petitions have been filed by the petitioners under Section
29(A)(4) of the Act seeking extension oftime for the Arbitral Tribunal to complete the proceedings and render the Award by a period oftwo years and six months.
According to the learned counsel for the petitioners the mandate of the Arbitral Tribunal in terms ofthe Act had expired on July 23,2018 and for the period thereafter the respondent was before the NCLT Bangalore. At this stage,the learned counsel forthe parties states,henceforth the period for the Arbitral Tribunal to complete the proceedings and render the award be extended by a period ofone year.
Noting the submission made by the counsel forthe parties,I am ofthe view that the period of one year from today shall be sufficient enough for the Arbitral Tribunalto complete the proceedings and renderthe award. It is ordered accordingly.
The petitions are disposed of.
MjS-r V.KAMESWAR RAO,J DECEMBER 18,2Q\9/jg
Exemptions allowed subjectto alljust exceptions.
Applications stand disposed of.
0.M.P.(M1SC.RC0MM.)522/2019 O.M.P.(MlSC.KCOMM.)523/2019
O.M.P.(MlSC.)(COMM.I 524/2019 0.M.P.(M1SC.¥C0MM.I 525/2019
These petitions have been filed by the petitioners under Section
29(A)(4) of the Act seeking extension oftime for the Arbitral Tribunal to complete the proceedings and render the Award by a period oftwo years and six months.
According to the learned counsel for the petitioners the mandate of the Arbitral Tribunal in terms ofthe Act had expired on July 23,2018 and for the period thereafter the respondent was before the NCLT Bangalore. At this stage,the learned counsel forthe parties states,henceforth the period for the Arbitral Tribunal to complete the proceedings and render the award be extended by a period ofone year.
Noting the submission made by the counsel forthe parties,I am ofthe view that the period of one year from today shall be sufficient enough for the Arbitral Tribunalto complete the proceedings and renderthe award. It is ordered accordingly.
The petitions are disposed of.
MjS-r V.KAMESWAR RAO,J DECEMBER 18,2Q\9/jg
JUDGMENT