Authority: Calcutta High Court, Commercial Division
Order Date: 15 July 2026
Case Overview
- Petition filed by NuvoCo Vistas Corporation Limited against Damodar Valley Corporation under Section 29A of the Arbitration and Conciliation Act, 1996, requesting an extension of the arbitral tribunal’s mandate to conclude proceedings and issue the award.
- The arbitral tribunal was mutually constituted by the parties and took up the reference on 14 October 2022.
- The Court previously extended the tribunal’s mandate on 21 November 2022 for one year and again on 12 November 2025 for eight months.
- The tribunal has conducted more than 50 sittings and is presently at the final‑argument stage.
- Respondent’s counsel expressed no objection to a further extension.
Final Outcome
- The Court, satisfied that there has been no undue delay, extended the tribunal’s mandate for an additional eight months from 15 July 2026.
- The tribunal is directed to use reasonable endeavours to conclude the arbitral proceedings and publish the award within the extended period.
- The petition is disposed of.
Topics: Arbitration Extension, Commercial Litigation