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2021 Supreme(Del) 1325
IN THE HIGH COURT OF DELHI AT NEW DELHI
C.Hari Shankar, J.
Prashanth Projects P Ltd - Appellant
Versus
Indian Oil Corporation Ltd - Respondent
Original Miscellaneous Petition (MISC.)(COMM.) No. 184 of 2021
Decided On : 22-12-2021
Important Points
Subject
Arbitration Law - Extension of Arbitrator's Mandate
Act Referred
CIVIL PROCEDURE CODE : S.151
Headnote
Section 29A(6) of the Arbitration & Conciliation Act, 1996 - Extension of Arbitrator's Mandate
Fact of the Case:
The joint application under Section 29A(6) of the Arbitration & Conciliation Act, 1996, sought an extension of the mandate of the arbitrator, which was due to expire.
Finding of the Court:
The court allowed the application, extending the mandate of the arbitrator by six months as requested by the parties.
Issues: Extension of arbitrator's mandate under Section 29A(6) of the Arbitration & Conciliation Act, 1996
Ratio Decidendi: The court's decision was influenced by the joint request of the parties and the provisions of Section 29A(6) of the Arbitration & Conciliation Act, 1996, which allows for the extension of the arbitrator's mandate.
Final Decision: The court granted the extension, allowing the mandate of the arbitrator to stand extended by six months with effect from the specified date.
JUDGMENT
C. Hari Shankar, J. - I.A. 17223/2021 (Section 151 CPC)
1. Allowed, subject to all just exceptions.
2. The application stands disposed of.
O.M.P.(MISC.)(COMM.) 184/2021
3. This is a joint application under Section 29A(6) of the Arbitration & Conciliation Act, 1996, for extension of the mandate of the learned arbitrator, which is due to expire on 2nd January, 2022.
4. Learned counsel for the parties, ad idem, request that the mandate of the learned arbitrator may be extended by six months with effect from the said date.
5. Accordingly, petition is allowed. The mandate of the learned arbitrator shall stand extended by six months with effect from 7th January, 2022.
