KANCHENJUNGA COMMERCIAL LTD & ANR. vs ANSAL PROPERTIES AND INFRASTRUCTURE LIMITED & ORS.

Judgment text excerpt

$~42 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 27.01.2026 + O.M.P.(MISC.)(COMM.) 1009/2025 & I.A. 31057/2025 (Ex.) KANCHENJUNGA COMMERCIAL LTD & ANR. .....Petitioners Through: Ms. Akanksha Kaul, Mr. Harsh Sethi, Mr. Anant Nigam & Mr. Raghav Luthra, Advs. versus ANSAL PROPERTIES AND INFRASTRUCTURE LIMITED & ORS. .....Respondents Through: Mr. Aditya Kumar & Mr. Parv Verma, Advs. for R-3. Mr. Aditya Vikram Bajpai, Adv. for R-5 & 6. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGEMENT (Oral) 1. The present petition has been filed under Section 29A(4) and 29A(5) of the Arbitration and Conciliation Act, 1996 [“the Act”] seeking extension of mandate of the learned sole Arbitrator for completion of the arbitral proceedings by a period of 12 months with effect from 03.12.2025. 2. The material on record indicates that the parties entered into a Collaboration Agreementdated 14.10.2010 [“Agreement”] on Signature Not Verified Digitally Signed By:HARVINDER KAUR O.M.P.(MISC.)(COMM.) 1009/2025 Page 1 of 5 BHATIA Signing Date:29.01.2026 16:08:06 14.10.2010. 3. Clause 14 of the Agreement includes the Arbitration Clause which states that any disputes arising between the parties to the Agreement would be referred to the sole arbitrator for adjudication. 4. Thereafter, disputes arose between the parties and the Petitioner herein preferred a petition before this Court, under Section 11 of the Act bearing Arb. Petition No. 717/2022. Consequently, the said petition vide Order dated 26.07.2022 was allowed and Hon’ble Justice Mr. M.L. Mehta (Retd.) was appointed as learned Sole Arbitrator. 5. It is stated that the pleadings in the said arbitration proceedings were completed on 28.07.2023, and thus the mandate for twelve months would have continued till 28.07.2024. I