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2023 Supreme(Del) 5134

ANUP JAIRAM BHAMBHANI
Harkirat Singh Sodhi – Appellant
Versus
Oram Foods Pvt. Limited – Respondent


Advocates appeared:
Ms. Chaand Chopra with Mr. Siddharth Shekhar and Mr. Adwaith Sreekumar, Advocates, for the Petitioner with Petitioner in-person.
Ms. Ripu Adlakha, Advocate for R1 and 2, Ms. Deepti Kathpalia & Ms. Aksa Thomas, Advocates, for the Respondent-3.

JUDGMENT

Anup Jairam Bhambhani, J.

Brief Overview

1. By way of the present petition under section 29A(4) read with sections 29A(5) and 29A(8) of the Arbitration & Conciliation Act, 1996 (`A&C Act') the petitioner seeks a direction granting extension of time for completion of arbitral proceedings that are on-going between the petitioner and the respondents before Hon'ble Dr. Justice Mukundakam Sharma, former judge of the Supreme Court of India under the aegis of the Delhi International Arbitration Centre (`DIAC').

2. Briefly, the genesis of the disputes between the parties is a registered Lease Deed dated 05.07.2016 for the Second Floor and Third Floor of property bearing No. N-8 (Block `N. Market), Greater Kailash-I, New Delhi (`subject premises') that was signed between the petitioner and respondent No.1. Arbitral proceedings arose from certain defaults committed by the respondents in payment of rental amounts; as a consequence of which the petitioner terminated the lease deed on 17.04.2017. Subsequent to termination of tenancy, the parties signed a Settlement Agreement dated 08.06.2017, despite which settlement however, the respondents continued to default in payment of the renta

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