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Issues: Whether, where an arbitral tribunal makes suo motu corrections to an award under Section 33(3) of the Arbitration and Conciliation Act, 1996, the period of limitation under Section 34(3) runs from the date of the original award or from the date of the corrected award received by the party.
Analysis: The limitation under Section 34(3) is intended to give the party an effective opportunity to study and challenge the award. Where the tribunal itself corrects the award under Section 33(3), the original award stands modified and it is the corrected award that has to be challenged. The corrected award, therefore, constitutes the operative award for the purpose of computing limitation, and the period begins when the corrected award is made and received. The filing in the case was within ninety days from the corrected award, and in any event the court retains power to consider condonation within the permissible additional period while proceedings remain pending.
Conclusion: The limitation period for filing objections ran from the date of the corrected award, and the objections were within time.