M/S TELEXCELL INFORMATION SYSTEMS LIMITED vs M/S TATA ADVANCED SYSTEMS LIMITED

Judgment text excerpt

$~52 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 22.01.2026 + O.M.P.(MISC.)(COMM.) 832/2025 M/S TELEXCELL INFORMATION SYSTEMS LIMITED .....Petitioner Through: Mr. Rizwan, Ms. Sachi Chopra and Ms. Kriti, Advocates. versus M/S TATA ADVANCED SYSTEMS LIMITED ....Respondent Through: Mr. Vijay Purohit, Mr. Shivam Pandey and Mr. Tanmay Arora, Advocates. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGEMENT (Oral) 1. The present petition has been filed under Section 29A of the Arbitration and Conciliation Act, 19961, seeking extension of the mandate of the learned Arbitral Tribunal for a further period of at least six months for making and publishing the arbitral award in Case Ref. No. DIAC/2118/07-18. BRIEF FACTS: 2. The learned Sole Arbitrator entered reference in the said arbitration in the year 2019, and pleadings were completed. The Signature Not Verified Digitally Signed By:HARVINDER KAUR O.M.P.(MISC.)(COMM.) 832/2025 Page 1 of 11 BHATIA Signing Date:28.01.2026 17:33:35 matter thereafter progressed to the stage of evidence. 3. Since the statutory period prescribed under Section 29A of the Act was expiring, the Respondent herein had earlier approached this Court by filing O.M.P.(MISC.)(COMM.) 38/2021, which came to be decided vide Order dated 01.02.2021, whereby this Court extended the mandate of the learned Sole Arbitrator up to 01.06.2021, taking note of delays occasioned due to the COVID-19 pandemic. 4. Despite the extension, the arbitral proceedings could not be concluded within the extended period. Subsequently, insolvency proceedings were initiated against the Petitioner under Section 9 of the Insolvency and Bankruptcy Code, 20162, culminating in admission of the Corporate Insolvency Resolution Process3 by the National Company Law Tribunal4