POWER GRID CORPORATION OF INDIA LTD vs SPML INFRA LIMITED

Judgment text excerpt

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment pronounced on: 17.04.2025 + O.M.P.(MISC.)(COMM.) 564/2023 POWER GRID CORPORATION OF INDIA LTD ...... Petitioner Through: Mr. S. B. Upadhyay, Sr. Advocate alongwith Mr. P.K. Mishra and Mr. Anant Dev, Advocates. versus SPML INFRA LIMITED ..... Respondent Through: Mr. Raman Kapur, Sr. Advocate along with Mr. Parag Chaturvedi and Mr. Rahul Kumar Yadav, Advocates. + O.M.P. (T) (COMM.) 136/2024 SPML INFRA LIMITED ..... Petitioner Through: Mr. Raman Kapur, Sr. Advocate along with Mr. Parag Chaturvedi and Mr. Rahul Kumar Yadav, Advocates. versus POWER GRID CORPORATION OF INDIA LIMITED...Respondent Through: Mr. S. B. Upadhyay, Sr. Advocate alongwith Mr. P.K. Mishra and Mr. Anant Dev, Advocates. CORAM: HON'BLE MR. JUSTICE SACHIN DATTA JUDGMENT 1. The present petitions have been filed in connection with an ongoing arbitration for adjudication of disputes between the parties arising out of Letters of Award(s) dated 02.08.2005 bearing LOI no. C-46605-L995- 3/LOA-I/1751 and LOA no. C-46605-L995-3/LOA-II/1752 against Signature Not Verified O.M.P.(MISC.)(COMM.) 564/2023 & Connected Matter Page 1 of 17 Digitally Signed By:ABHISHEK THAKUR Signing Date:21.04.2025 19:36:55 specification no. C-46605-L995-3 for Rural Electrification Works (RE) in Rohtas District of Bihar under Government of India Scheme of Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) “Package D1”. 2. O.M.P.(MISC.)(COMM.) 564/2023 [under Section 29A(4) and (5) of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the ‘A&C Act’)] has been filed by Power Grid Corporation of India Limited (hereinafter referred to as ‘Power Grid’) seeking extension of time for completion of arbitral proceedings and making of the arbitral award. 3. O.M.P. (T) (COMM.) 13