M/S KMP EXPRESSWAYS LTD vs IDBI BANK LIMITED

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 27.01.2026 O.M.P.(MISC.)(COMM.) 106/2026 M/S KMP EXPRESSWAYS LTD .....Petitioner Through: Mr. Deepak Khurana and Mr. Bhaskar, Advocates. versus IDBI BANK LIMITED .....Respondent Through: Mr. Raunak Dhillon, Ms. Isha Malik and Ms. Bhawna Lakhina, Advocates. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % J U D G E M E N T (Oral) 1. The present Petition has been filed under Section 29A(4) and Section 29A(5) of the Arbitration and Conciliation Act, 1996 [“the Act”], seeking an extension of the mandate of the learned Arbitral Tribunal by a further period of six months with effect from 11.12.2025. 2. The material on record indicates that the parties entered into a Concession Agreement dated 31.01.2006 [“Concession Agreement”]. The said Concession Agreement is stated to incorporate the project documents to be executed between the parties, one of which was the Substitution Agreement dated 08.01.2007 [“Substitution Agreement”], containing the Arbitration Clause for 3. Thereafter, disputes arose between the parties, and consequently the Petitioner initiated arbitration proceedings on 09.08.2019 by filing of the Statement of