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Issues: Whether the petition under section 34 of the Arbitration and Conciliation Act, 1996 was barred by limitation and whether delay beyond the prescribed period could be condoned.
Analysis: Section 34(3) permits an application for setting aside an arbitral award within three months from receipt of the award, with a further condonable period of thirty days only if sufficient cause is shown, and not thereafter. The petitioner's own case showed receipt of the signed award on 5-11-1999, but the application was filed much later, and the delay from 5-2-2000 to 7-3-2000 remained unexplained. Even on the petitioner's explanation, the application for condonation itself was beyond the further statutory grace period. The statutory time limit under section 34(3) was treated as mandatory.
Conclusion: The petition was barred by limitation and the delay was not condonable. The petition was dismissed.