$~56
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ O.M.P.(MISC.)(COMM.) 772/2024
MS ERNST AND YOUNG LLP .....Petitioner
Through: Ms. Sakshi Mand, Advocate.
versus
MANYATA DEVELOPERS PVT LTD & ORS. .....Respondents
Through: Mr. Abhimanyu Bhandari, Senior
Advocate with Ms. Sugandh Kochhar,
Advocate.
CORAM:
HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD
O R D E R
% 30.09.2024
1. This Petition under Section 29A(4) and 29A(5) of the Arbitration and
Conciliation Act, 1996, read with Section 7 of the Commercial Courts Act,
2015, has been filed by the Petitioner for extending the mandate of the sole
Arbitrator in the Arbitration proceedings which are going on between the
parties.
2. Material on record indicates that the Arbitral Tribunal was constituted
and Hon’ble Mr. Justice Jayant Nath (Retd.) was appointed as the Sole
Arbitrator on 05.01.2023.
3. It is stated by the learned Counsel for the Petitioner that the matter is
fixed for recording of evidence of the witnesses and cross-examination of
CW1 and the Tribunal has informed the parties that it would require
additional time of six months to prepare the final award.
4. In the facts and circumstance of this case, this Court is inclined to
This is a digitally signed order.
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The Order is downloaded from the DHC Server on 04/10/2024 at 11:50:04
extend the mandate of the Arbitral Tribunal for a further period of six
months so that the award can be pronounced and no further extension of
time would be required by the Tribunal.
5. The Petition is disposed of, along with the pending applications, if
any.
SUBRAMONIUM PRASAD, J
SEPTEMBER 30, 2024
Rahul
This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 04/10/2024 at 11:50:04