M/S DELCO INFRASTRUCTURE PROJECTS LIMITED & ORS. vs INTEC CAPITAL LIMITED & ANR.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 25.03.2025 + FAO (COMM) 149/2024 and CM APPLs. 43723-24/2024 M/S DELCO INFRASTRUCTURE PROJECTS LTD & ORS. .....Appellants Through: Mr Rajshekhar Rao, Sr. Advocate with Mr Divyansh Mishra, Mr Yoshit Jain and Mr Ajay Sabharwal, Advocates. versus INTEC CAPITAL LIMITED & ANR. .....Respondents Through: CORAM: HON'BLE MR. JUSTICE VIBHU BAKHRU HON'BLE MR. JUSTICE TEJAS KARIA VIBHU BAKHRU, J. (Oral) 1. The appellants have filed the present application [being CM No.43723/2024], inter alia, praying that the delay of 467 (four hundred and sixty-seven) days in filing the present appeal, be condoned. 2. The appellants have filed the above-captioned appeal impugning an order dated 14.02.2023 [impugned order] whereby the application preferred by the appellants under Section 34 of the Arbitration and Conciliation Act, 1996 [A&C Act] being OMP(COMM) 18/2021 captioned Delco Infrastructure Projects Limited and Ors. v. Intec Capital Limited & Anr. was dismissed for non-prosecution. 3. The appellants had filed the said petition impugning the arbitral 4. It is appellants’ case that respondent no.1 had also instituted insolvency proceedings agains