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Issues: Whether a petition under Section 34 of the Arbitration and Conciliation Act, 1996 filed on the first day after court reopening was within limitation and entitled to the benefit of Section 4 of the Limitation Act, 1963.
Analysis: The period of limitation for an application to set aside an arbitral award is three months from receipt of the award, with a further outer period of thirty days available only on sufficient cause being shown. In computing the three months, the date of receipt of the award is excluded under Section 12(1) of the Limitation Act, 1963. On that basis, the prescribed period ended before the court vacation began. Section 4 of the Limitation Act, 1963 applies only where the prescribed period expires on a day when the court is closed, and the proviso to Section 34(3) does not expand the prescribed period for that purpose. The petition was filed after the outer period had also expired.
Conclusion: The petition was barred by limitation and was not entitled to the benefit of Section 4 of the Limitation Act, 1963.