Jaiprakash Associates Ltd. vs Rotec Industries Inc. (Usa)
2019 Latest Caselaw 6061 Del

$~A-45
*    IN THE HIGH COURT OF DELHI AT NEW DELHI

%                                      Date of decision: 27th November, 2019

+      O.M.P.(MISC.)(COMM.) 480/2019

JAIPRAKASH ASSOCIATES LTD.                                     ..... Petitioner
                            Through:    Mr. Pawan Upadhyay, Mr. Rajesh,
                                        Ms. Meenakshi Rawat and Mr. Rajeev
                                        Chhetri, Advocates.
                            versus

ROTEC INDUSTRIES INC. (USA)                                 ..... Respondent
                            Through:    Mr. Ashish Bhagat and Mr. Ritik
                                        Malik, Advocates.
CORAM:
HON'BLE MS. JUSTICE JYOTI SINGH

JYOTI SINGH, J. (ORAL)

I.A. No. 16605/2019 (for exemption) Exemption allowed, subject to all just exceptions.

The application stands disposed of.

O.M.P.(MISC.)(COMM.) 480/2019

1. This is a petition filed under Section 29A(5) of the Arbitration and

Conciliation Act, 1996 (hereinafter referred to as 'the Act') seeking

extension of time for completion of proceedings and passing of the

Award, by the Arbitral Tribunal.

2. Issue notice.

3. Learned counsel for the respondent enters appearance and accepts

notice.

4. On 06.02.2018, the Arbitral Tribunal entered upon reference.

5. Statutory period of twelve months under Section 29A(1) of the Act

expired on 05.02.2019.

6. Learned counsel for the petitioner submits that pleadings before the

Arbitral Tribunal are complete and the proceedings are at the stage of

final arguments.

7. Learned counsel for the respondent, on instructions, submits that the

respondent has no objection to the time being extended.

8. With the consent of the parties, the time is hereby extended by a period

of six months with effect from 27.11.2019.

9. Period between 06.02.2019 and 26.11.2019 is hereby regularized.

10. With the aforesaid directions, the petition is disposed of.

JYOTI SINGH, J NOVEMBER 27, 2019 AK/