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2025 DAILYLAW 12384 (HP)

SATISHWAR SHARMA v. CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD AND ANOTHER

ARB.C/128/2025 · 2025-06-19

Jyotsna Rewal Dua

body2025

Judgment text

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IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA Arb. Case No.128 of 2025 Decided on: 19th June, 2025 ------------------------------------------------------------------------------------- Satishwar Sharma …..Petitioner Versus Cholamandalam Investment and Finance Company Ltd. and another .....Respondents ------------------------------------------------------------------------------------- Coram Ms. Justice Jyotsna Rewal Dua Whether approved for reporting?1 For the Petitioner: Mr. Vivek Negi, Advocate. For the Respondents: Ms. Seema K. Guleria, Advocate. ------------------------------------------------------------------------------------ Jyotsna Rewal Dua, Judge Petitioner and respondents are parties before the learned Arbitrator in Satishwar Sharma Versus Cholamandalam Investment and Finance Company and another. The mandate of learned Arbitrator ended on 19.09.2024. Hence, this application has been moved under Section 29-A of the Arbitration and Conciliation Act, 1996 for extension of time to complete the arbitral proceedings. 2. Learned counsel on both sides have apprised that the parties have led their evidence before the learned Arbitrator. The matter is now at the stage of arguments. 1Whether reporters of print and electronic media may be allowed to see the order? Yes. 2 The respondents have no objection for extending the mandate of learned Arbitrator for completing the arbitral proceedings in question. 3. Taking into consideration the pleadings and the submissions made by learned counsel on both sides, this petition is allowed. Time for completion of arbitral proceedings in question is extended by two months from today. The petition stands disposed of in the above terms, so also the pending miscellaneous application(s), if any. Jyotsna Rewal Dua June 19, 2025 Judge Mukesh