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IN THE HIGH COURT OF DELHI
C. Hari Shankar, J.
Oil and Natural Gas Corporation Limited - Appellant
Versus
Hindustan Oil Exploration Corporation Ltd. - Respondent
O.M.P.(MISC.)(COMM.) 154 of 2021 & I.A. 13707 of 2021 and I.A. 13708 of 2021
Decided On : 25-10-2021
Important Points
Subject
Arbitration - Mandate Extension
Headnote
Facts of the case:
The appellant sought a six-month extension of the Arbitral Tribunal's mandate due to ongoing disputes with the respondent.
Findings of Court:
The court granted the extension with full agreement from the respondents.
Issues: The primary issue was whether to grant the extension for the Arbitral Tribunal's mandate.
Ratio Decidendi: The court found that the absence of objections from the respondents justified the extension of the Tribunal's mandate.
Result: The petition stands allowed.
| Table of Content |
|---|
| 1. approval of application and extension granted (Para 1 , 2 , 5) |
| 2. extension of arbitral tribunal's mandate (Para 3) |
| 3. respondent's lack of objection (Para 4) |
ORDER (Oral)
I.A.13707/2021, I.A.13708/2021 (exemptions)
1. Allowed subject to all just exceptions.
2. The applications are disposed of.
O.M.P.(MISC.)(COMM.) 154/2021
3. This is an application under Section 29A(6) of the Arbitration & Conciliation Act, 1996, for extending the mandate of the Arbitral Tribunal, in seisin of the dispute between the parties by six months with effect from 2nd October, 2021.
4. Learned Counsel for the respondents has no objection.
5. Accordingly, the mandate of the learned Arbitral Tribunal stands extended by six months with effect from 2nd October, 2021. The petition stands allowed accordingly.
