M/S Rcc Infraventures Ltd & Ors. vs M/S Dmi Finance Pvt Ltd & Ors.

ik-191313082 Delhi High Court 19 December 2024 • 15 min read

Judges (1)

Counsel (10)

Amrita Panda Counsel Petitioner Divij Andley Counsel Respondent Gaurav Parewa Counsel Respondent Geeta Luthra Counsel Respondent Lalit Mohini Bhat Counsel Respondent Manas Aggarwal Counsel Respondent Nitin Saluja Counsel Respondent Shivani Luthra Lohiya Counsel Respondent Siddharth Khattar Counsel Respondent Udbhav Gady Counsel Petitioner

Parties (2)

DMI Finance Pvt Ltd Respondent RCC Infraventures Ltd Petitioner

Case Significance

M/S Rcc Infraventures Ltd & Ors. vs M/S Dmi Finance Pvt Ltd & Ors. is a Delhi High Court decision dated December 19, 2024 (citation: ik-191313082). The petitioner group companies sought extension of the arbitral mandate under Section 29A(4) and (5) of the Arbitration Act after the Sole Arbitrator's mandate terminated on 31.08.2023, with the petition filed 4.5 months later. The court held the delay was not inordinate, noting that pleadings were completed and claimant's evidence had commenced. The mandate was extended by one year and the period from termination until the order was regularised. The case was heard by Justice Jasmeet Singh.

Summary

The petitioner group companies sought extension of the arbitral mandate under Section 29A(4) and (5) of the Arbitration Act after the Sole Arbitrator's mandate terminated on 31.08.2023, with the petition filed 4.5 months later. The court held the delay was not inordinate, noting that pleadings were completed and claimant's evidence had commenced. The mandate was extended by one year and the period from termination until the order was regularised.

What was the outcome of M/S Rcc Infraventures Ltd & Ors. vs M/S Dmi Finance Pvt Ltd & Ors.?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-191313082)