22.08.2025
1. This is an application moved in terms of sub-section 4 of Section
29-A of the Arbitration and Conciliation Act, 1996, praying for further
extension of the period specified under sub-section 3 of the Act for making
an arbitral award.
2. A brief narration of facts that have led the parties to the current
Arbitration Petition No. 17/2020 moved by the petitioner was
allowed by this Court on July 21, 2020 and by virtue of the said order, Mr.
Justice Permod Kohli, Retired Chief Justice of Sikkim High Court, was
appointed as the Arbitrator. The Arbitral Tribunal entered upon the
reference. This Court vide order dated 24.05.2024 passed in CM No.
1947/2024 extended the mandate of the Arbitrator for a period of six
months. Subsequently, vide order dated 13.02.2025 passed in Arb P
No.12.2025, the time was extended by a further period of six months. It is
stated that in order to make an award in the matter, the Arbitral Tribunal
requires extension of time by a further period of six months.