This judgment addresses a petition filed under Section 29A of the Arbitration and Conciliation Act, 1996, seeking a two-month extension of time to make and pronounce the arbitral award. The High Court noted that the sole arbitrator, a former Judge of the Supreme Court of India, had already concluded final arguments and reserved the matter for award, but required additional time due to the voluminous record and technical issues. With both parties consenting to the extension, the Court regularized the intervening period and extended the mandate of the arbitral tribunal until August 14, 2026.
- Nature of the Petition:
- The petitioner filed a petition under Section 29A of the Arbitration and Conciliation Act, 1996, seeking an extension of time to conclude arbitral proceedings.
- The arbitration is presided over by the sole arbitrator, Hon’ble Mr. Justice Vineet Saran, former Judge of the Supreme Court of India.
- Timeline of Proceedings:
- The statutory mandate commenced upon filing the statement of difference on 30.03.2024.
- The mandate was previously extended by mutual consent until 30.09.2025 and subsequently by the High Court until 14.06.2026.
- Grounds for Extension:
- Final arguments had concluded, stamp papers were submitted, and the matter stood reserved for the award.
- Due to the voluminous record and complex technical issues involved, the sole arbitrator requested extra time to pronounce the award, which both parties consented to.
- Court Directions:
- The High Court extended the mandate of the arbitral tribunal until 14.08.2026 to allow for the pronouncement of the award.
- The intervening period up to the date of the order was officially regularized, and the petition was disposed of accordingly.




