M/s.Compass Engineering Vs M/s.I.K.Building Solutions

M/s.Compass Engineering vs M/s.I.K.Building Solutions

Type Court Judgment Court Chennai Decided Apr 01, 2025

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https://sooperkanoon.com/case/1881159

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Citation: sooperkanoon.com/1881159
Court: Chennai High Court
Judge: Honourable Mr Justice Abdul Quddhose
Decided On: Apr 01, 2025
Case Number: A/1711/2025

Parties & Advocates

Appellant / Petitioner

M/s.Compass Engineering

Respondent

M/s.I.K.Building Solutions

Excerpt

in the high court of judicature at madrasdated: 01.04.2025coramthe honourable mr justice abdul quddhose m/s.compass engineering, rep. by its managing partner chandrakanth reddy .. applicant vs m/s.i.k.building solutions and another .. respondentsorderthis application has been filed under section 29a of the arbitration and conciliation act seeking extension of time for the arbitral tribunal to pronounce an arbitral award by another period of six months.2.learned counsel for the applicant would submit that even though in this application, six months extension has been sought for, he seeks for nine months extension on the ground that the respondents have filed an application before the arbitral tribunal seeking for forensic examination and on account of the same, further extension is sought for.abdul quddhose,j.vga 3.lerned counsel for the respondents has stated no objection if nine months time is granted for the arbitral tribunal to pronounce an arbitral award.4.this court, after giving due consideration to the submissions made by both the counsels and since this court is satisfied with the reasons stated in the affidavit filed in support of this application as sufficient cause has been shown by the applicant for seeking extension of time, is inclined to grant extension for the arbitral tribunal to pronounce an arbitral award by another period of nine months.5.accordingly, this application is allowed as prayed for by granting extension of time for the arbitral tribunal to pronounce an arbitral award by another period of nine months from 20.03.2025. 01.04.2025 vga

Full Judgment

IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 01.04.2025
CORAM
THE HONOURABLE MR JUSTICE ABDUL QUDDHOSE M/s.Compass Engineering, rep. by its Managing Partner Chandrakanth Reddy .. Applicant vs M/s.I.K.Building Solutions and another .. Respondents

ORDER

This application has been filed under Section 29A of the Arbitration and Conciliation Act seeking extension of time for the Arbitral Tribunal to pronounce an arbitral award by another period of six months.

2.Learned counsel for the applicant would submit that even though in this application, six months extension has been sought for, he seeks for nine months extension on the ground that the respondents have filed an application before the Arbitral Tribunal seeking for forensic examination and on account of the same, further extension is sought for.

ABDUL QUDDHOSE,J.

vga 3.Lerned counsel for the respondents has stated no objection if nine months time is granted for the Arbitral Tribunal to pronounce an Arbitral Award.

4.This Court, after giving due consideration to the submissions made by both the counsels and since this Court is satisfied with the reasons stated in the affidavit filed in support of this application as sufficient cause has been shown by the applicant for seeking extension of time, is inclined to grant extension for the Arbitral Tribunal to pronounce an Arbitral Award by another period of nine months.

5.Accordingly, this application is allowed as prayed for by granting extension of time for the Arbitral Tribunal to pronounce an Arbitral Award by another period of nine months from 20.03.2025. 01.04.2025 vga

Same Court & Year Chennai · 2025 Same Parties M/s.Compass Engineering vs M/s.I.K.Building Solutions Same Judge Honourable Mr Justice Abdul Quddhose