2024 (10) TMI 1393

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....pakshi Garg, Adv. Ms. Harshita Rawat, Adv. Mr. Nakul Dewan, Sr. Adv. Ms. Udita Singh, AOR Ms. Sowmya Saikumar, Adv. Mr. Nirav Shah, Adv. Mr. Soumya Ray Chowdhury, Adv. Mr. Bhushan Panse, Adv. Mr. Satyender Saharan, Adv. Mr. Sathvik Chandrashekar, Adv. Mr. Gopal Jain, Sr. Adv. Mr. Raunak Dhillon, Adv. Ms. Isha Malik, Adv. Ms. Niharika Shukla, Adv. M/s. Cyril Amarchand Mangaldas, AOR Mr. Udayaditya Banerjee, Adv. Mr. Samrat Sengupta, Adv. Mr. Siddhant Jaiswal, Adv. Mr. Soumya Dutta, AOR Ms. Pratika Agarwal, Adv. Mr. Siddhant Upmanyu, Adv. Mr. Abhijeet Pandey, Adv. Mr. Rajat Joseph, AOR Mr. Hrishikesh S. Chitaley, Adv. Mr. Vijay Kari Singh, Adv. Mr. Kaustubh D. Kadasne, Adv. Ms. Deeplaxmi Subhash Matwankar, AOR Ms. Rohini Wagh, Adv. Dr. Ravind....

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.... and disposed of in the above terms. Pending application(s), if any, shall stand disposed of. CIVIL APPEAL NO. 10621/2024 It is stated that the learned Arbitrator has expired. We have set aside the impugned judgment, which stated that extension of time under Section 29A of the Arbitration and Conciliation Act, 1996, cannot be granted if a petition is not filed before the expiry of the term/tenure of the Arbitral Tribunal. In view of the judgment dated 12.09.2024, A.P. No. 448/2023, titled "Vrindavan Advisory Services LLP vs. Deep Shambhulal Bhanushali", will stand revived and will be decided by the High Court at Calcutta in accordance with law. We are also informed that the appellant(s) has/have filed an application under Sec....

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.... above fact, while we partly allow the present appeal by setting aside the impugned judgment(s), we remit the matter to the High Court for appointment of a new Arbitrator. Court notice will be issued to the respondent(s) before the appointment of the new Arbitrator. To cut short delay, parties are directed to appear before the High Court on 28.11.2024, when the date of hearing will be fixed. Pending application(s), if any, shall stand disposed of. CIVIL APPEAL NO. 10623/2024 In the present case, we are of the opinion that sufficient and good cause is not shown for extension of time to make and pass/publish his Award. Ex parte arguments were addressed and the Award was reserved for pronouncement on 21.09.2022. Thereafter, the ....

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.... the parties on the question of extension of time under Section 29A of the Arbitration and Conciliation Act, 1996. By the judgment dated 12.09.2024, this Court has held that the applications for extension of time under Section 29A of the said Act can be filed even after expiry of the tenure of the Arbitral Tribunal. The impugned judgment(s) is/are set aside and the appeal is allowed in the above terms. Having regard to the facts and circumstances of the case, we extend the time for making and passing/publishing of the Award till 31.05.2025. All pleas and contentions are left open. Pending application(s), if any, shall stand disposed of. CIVIL APPEAL NO. 10627/2024 In view of the judgment dated 12.09.2024, the present appea....