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ELP – Arbitration Weekly Update -Shapoorji Pallonji and Co. Pvt. Ltd. v. Jindal India Thermal Power Limited

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For this week’s update, we take a look at the Delhi High Court (Court) case of Shapoorji Pallonji and Co. Pvt. Ltd. v. Jindal India Thermal Power Limited.
In the said case, while dealing with a petition under Section 29A of the Arbitration and Conciliation Act, 1996 (the Act), it was held by the Court that sections 29A(1) and 23(4) – as amended by the Arbitration and Conciliation (Amendment) Act 2019 (2019 Amendment), being procedural law, would apply to arbitrations pending at the date of 2019 Amendment.
Upon applying the aforementioned provisions, the Court was of the view that the time period for completion of proceedings had not yet expired. Hence, the present petition for extension of time to make the arbitral award was disposed as being infructuous. Trust you find this an interesting read

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