Delhi High Court - Orders
Ms Ernst And Young Llp vs Manyata Developers Pvt Ltd & Ors on 30 September, 2024
Author: Subramonium Prasad
Bench: Subramonium Prasad
$~56
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ O.M.P.(MISC.)(COMM.) 772/2024
MS ERNST AND YOUNG LLP .....Petitioner
Through: Ms. Sakshi Mand, Advocate.
versus
MANYATA DEVELOPERS PVT LTD & ORS. .....Respondents
Through: Mr. Abhimanyu Bhandari, Senior
Advocate with Ms. Sugandh Kochhar,
Advocate.
CORAM:
HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD
ORDER
% 30.09.2024
1. This Petition under Section 29A(4) and 29A(5) of the Arbitration and Conciliation Act, 1996, read with Section 7 of the Commercial Courts Act, 2015, has been filed by the Petitioner for extending the mandate of the sole Arbitrator in the Arbitration proceedings which are going on between the parties.
2. Material on record indicates that the Arbitral Tribunal was constituted and Hon'ble Mr. Justice Jayant Nath (Retd.) was appointed as the Sole Arbitrator on 05.01.2023.
3. It is stated by the learned Counsel for the Petitioner that the matter is fixed for recording of evidence of the witnesses and cross-examination of CW1 and the Tribunal has informed the parties that it would require additional time of six months to prepare the final award.
4. In the facts and circumstance of this case, this Court is inclined to This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 03/10/2024 at 22:27:01 extend the mandate of the Arbitral Tribunal for a further period of six months so that the award can be pronounced and no further extension of time would be required by the Tribunal.
5. The Petition is disposed of, along with the pending applications, if any.
SUBRAMONIUM PRASAD, J SEPTEMBER 30, 2024 Rahul This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 03/10/2024 at 22:27:01