NCC LIMITED vs INDIAN OIL CORPORATION LIMITED

Judgment text excerpt

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 10.10.2025 Judgment pronounced on: 14.01.2026 + O.M.P. (MISC.) (COMM.) 592/2025 NCC LIMITED ...Petitioner Through: Dr. Amit George, Mr. Adhishwar Suri, Mr. Dusyant Kishan Kaul, Ms. Ibansara Syiemlieh, Ms. Rupam Jha, Advocates. versus INDIAN OIL CORPORATION LIMITED ...Respondent Through: Mr. VN Koura, Ms.Paramjeet Benipal, Advocates. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH JUDGMENT 1. This is a petition filed under section 29A(4) read with 29A(5) of the Arbitration and Conciliation Act, 1996 (“the Act”), seeking extension of the mandate of the Sole Arbitrator for a period of one year for concluding the arbitral proceedings and passing the arbitral award. FACTUAL MATRIX AS PER THE PETITIONER Digitally Signed By:MAYANK Signing Date:14.01.2026O.M.P. (MISC) (COMM) 592/2025 Page 1 of 17 17:39:13 2. The petitioner, namely NCC Limited, is a company having its registered office at Survey No. 64, Corporate Office, Madhapur, Hyderabad (500081), Telangana. 3. The respondent, namely Indian Oil Corporation Limited, is a Government of India undertaking having its registered office at G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai (400050), Maharashtra. 4. The respondent floated a tender for “Civil, Structural & Associated UG piping works of VGO-HDT, DHDT & HCDS Units (EPCM-2)” for the Paradip Refinery Project (“the project”). The petitioner was declared as the successful bidder for the project and consequently, the parties entered into a formal Agreement dated 28.04.2010. 5. The Agreement between the party clearly designated the commencement date for the project as 03.03.2010 with scheduled completion date as 02.10.2011. However, the project was ultimately completed with delays on 28.12.2015. Subsequently, disputes