BLISS HABITAT PRIVATE LIMITED vs INDIABULLS INFRAESTATE LIMITED

Judgment text excerpt

ARBP.39.2025 & ARBP.333.2025.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.39 OF 2025 Indiabulls Infraestate Ltd. ...Petitioner Versus Imagine Realty Pvt. Ltd. ...Respondent WITH INTERIM APPLICATION (L) NO.4230 OF 2024 IN ARBITRATION PETITION NO.39 OF 2025 Imagine Realty Pvt. Ltd. ...Applicant IN THE MATTER BETWEEN Indiabulls Infraestate Ltd. ...Petitioner Versus Imagine Realty Pvt. Ltd. ...Respondent ARBITRATION PETITION NO.33 OF 2025 Indiabulls Infraestate Limited ...Petitioner Versus Bliss Habitat Pvt. Ltd. ...Respondent WITH INTERIM APPLICATION (L) NO.4204 OF 2024 IN ARBITRATION PETITION NO.33 OF 2025 Bliss Habitat Pvt. Ltd. ….Applicant IN THE MATTER BETWEEN Indiabulls Infraestate Limited ...Petitioner Versus Bliss Habitat Pvt. Ltd. ...Respondent Mr. Anoshak Davar a/w. Mr. Dhaval Sethia & Kirti Shetty i/b Mr. Vaibhav Jagdale, Advocates for Petitioner. Mr. Chetan Kapadia, Senior Advocate a/w. Mr. Shadab Jan, Mr. Abhay Chattopadhyay, Mr. Samarth Saxena & Mr. Atharva Diwe AARTI Digitally signed by AARTI i/b. Economic Laws Practice, Advocates for Respondents. GAJANAN GAJANAN PALKAR PALKAR Date: 2025.04.23 16:52:19 +0530 Page 1 of 17 APRIL 23, 2025 Aarti Palkar ARBP.39.2025 & ARBP.333.2025.doc CORAM : SOMASEKHAR SUNDARESAN, J. RESERVED ON : April 4, 2025 PRONOUNCED ON : April 23, 2025 JUDGEMENT: Context and Background: 1. These Petitions are applications under Section 29-A of the Arbitration and Conciliation Act, 1996 (“the Act”), filed by the Petitioner, Indiabulls Infraestate Ltd. (“Indiabulls”) seeking an extension of mandate of the Arbitral Tribunal. 2. In both the Petitions, Indiabulls has sought extension by one year, of the mandate of the Learned Arbitral Tribunal, which expired on August 31, 2023. The r