ORDER

This application has been filed under Section 29A of the Arbitration and Conciliation Act, 1996 (for brevity "Act of 1996") by the claimant for extension of time for conclusion of arbitration proceedings.

2. The relevant facts of the case are that the applicant is a private company incorporated under the provisions of Companies Act, 1956 having its registered office at Kolkata. It is engaged in the business of construction for railways and other governmental organizations, civil works related thereto and other various tenders throughout India.

3. The respondent is an educational institution and one of the sixth IITs which were established in the academic year of 2008-2009. Earlier, vide an order dated 08.09.2023, this Court appointed sole arbitrator by invoking provisions of Section 11 of the Act of 1996 on an application filed by the present applicant/claimant. Pursuant to the appointment of arbitrator, proceedings were initiated. The applicant filed its statement of claim on 29.11.2023. The respondent filed its statement of defence on 26.02.2024. The last meeting was held on 28.06.2025 on which date the final arguments stood concluded. Parties were granted two months' time