IN THE HIGH COURT OF DELHI
C. Hari Shankar, J.
Prashanth Projects P. Ltd. - Appellant
Versus
Indian Oil Corporation Ltd. - Respondent
O.M.P.(MISC.)(COMM.) 184 of 2021
Decided On : 22-12-2021

The court permitted a six-month extension of the arbitrator's mandate based on a joint application from both parties under the Arbitration and Conciliation Act, 1996.

Headnote:(A) Arbitration and Conciliation Act, 1996 - Section 29A(6) - Joint application for extension of arbitrator's mandate - Petition allowed for six-month extension from 7th January 2022. (Paras 3-5)

(B) Disposition of application - Application allowed subject to just exceptions, indicating the court's willingness to accommodate the parties. (Paras 1-2)

Facts of the case:
This judgment involves the request from both parties for an extension of the arbitrator's mandate due to expiration before the resolution could be finalized.

Findings of Court:
The court determined that the request for extending the arbitrator's mandate was made jointly and thus granted the extension.

Issues: The primary issue was whether to extend the mandate of the arbitrator which was expiring soon.

Ratio Decidendi: The court noted that both parties agreed on the necessity of extending the arbitrator's mandate, justifying the extension under Section 29A(6) of the Act.

Result: Petition allowed.