Authority: Supreme Court of India
Order Date: 17-07-2026
Case Overview
- Petitioners: Tata Power Company Limited; Respondents: Genesis Engineering Company.
- The application (IA No.13330/2026) sought condonation of delay and an extension of time under Section 29A(4)&(5) of the Arbitration and Conciliation Act, 1996 for the arbitral tribunal to render its award.
- Both parties informed the Court that they have reached an amicable settlement; the respondent’s counsel did not oppose the extension.
- The matter was heard before Hon’ble Mr. Justice Satish Chandra Sharma and Hon’ble Mr. Justice Nongmeikapam Kotiswar Singh.
Final Outcome
- The Court condoned the delay and allowed the application.
- Granted a further period of 12 months from 17‑07‑2026 for the arbitral tribunal to pass the award.
- IA No.13330/2025 and the miscellaneous application were disposed of by the Court on the same day.
Topics: Arbitration Extension, Corporate Dispute