GEO GPT JV vs Power Grid Corporation of India Ltd.

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IN THE HIGH COURT OF DELHI
C. Hari Shankar, J.
GEO GPT JV - Appellant
Versus
Power Grid Corporation of India Ltd. - Respondent
O.M.P.(MISC.)(COMM.) 3 of 2021 & I.A. 99 of 2021
Decided On : 05-01-2021

Important Points

Extension of arbitration proceedings under the Arbitration and Conciliation Act can be granted when both parties consent, ensuring completion in a timely manner.

Subject

Arbitration - Procedural Matters

Headnote

(A) Arbitration & Conciliation Act, 1996 - Section 29A - Extension of time for arbitration proceedings - An application was made to extend the arbitral tribunal's time to complete proceedings and render an award - The learned counsel for both parties consented to the extension - Time for the sole arbitrator to render the award was extended till 31st March, 2021. (Paras 1-4)

(B) Consent of parties in arbitration matters - The arbitrator's timeline can be adjusted when parties agree, ensuring the arbitration process can be concluded effectively. (Para 1)

Table of Content
1. application for extension of arbitration timeline. (Para 1)
2. parties' agreement on extension request. (Para 2 , 3)
3. court's decision to extend arbitration timeline. (Para 4)
4. final order to allow petition. (Para 5)

ORDER

(Video-Conferencing)

1. This is an application under sub-sections 1 and 3 of Section 29A of the Arbitration & Conciliation Act, 1996, for extending the time of the learned Arbitral Tribunal, to arbitrate on the dispute between the petitioner and the respondent, with respect to which the learned Arbitral Tribunal entered on the reference on 8th January 2019, by three months till 28th February, 2021.

2. However, as one month, since the expiry of the time available with the learned Arbitral Tribunal has already elapsed, Mr. Waheb Hussaini, learned counsel for the petitioner prays that extension of time may be granted till 31st March, 2021.

3. Mr. Pranay Kishore Mishra, learned counsel for the respondent, has no objection.

4. Accordingly, the time available with the learned sole arbitrator to complete the arbitral proceedings and render award, on the dispute with which the learned Arbitral Tribunal is seized, shall stand extended till 31st March, 2021.

5. This petition stands allowed in the aforesaid terms.