Allahabad HC Refers Power to Grant Time Extension in Arbitration to Larger Bench

Jaypee Infratech Limited Vs Ehbh Services Private Limited And Another (Allahabad High Court) The Allahabad High Court has referred a crucial question regarding the power to grant time extensions in arbitration proceedings to a larger bench. This question arises from conflicting interpretations of Section 29A of the Arbitration and Conciliation Act, 1996. The Issue: Section 29A sets a 12-month deadline for arbitrators to issue their award. However, it also allows for extensions upon application by either party or by the “Court.” The question is: which court has the authority to gra...