https://www.taxtmi.com/caselaws?id=104384 Arbitration between an exchange member and a non-member under Bombay Stock Exchange bye-laws framed under section 9 of the Securities Contracts (Regulation) Act, 1956 was treated as statutory arbitration, so the Limitation Act, 1963 could not be imported unless the governing statute permitted it. The Court also noted that an award based on an incidental preliminary ruling on limitation could be interfered with as an error of law, while expiry of time for making the award could be extended on the facts where proceedings continued without protest. A tribunal of two arbitrators was held contrary to section 10 of the Arbitration and Conciliation Act, 1996, rendering the tribunal de jure incompetent and liable to termination under section 14(2). en-us Thu, 15 Oct 1998 00:00:00 +0530 Tue, 28 Feb 2012 18:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104384 Arbitration between an exchange member and a non-member under Bombay Stock Exchange bye-laws framed under section 9 of the Securities Contracts (Regulation) Act, 1956 was treated as statutory arbitration, so the Limitation Act, 1963 could not be imported unless the governing statute permitted it. The Court also noted that an award based on an incidental preliminary ruling on limitation could be interfered with as an error of law, while expiry of time for making the award could be extended on the facts where proceedings continued without protest. A tribunal of two arbitrators was held contrary to section 10 of the Arbitration and Conciliation Act, 1996, rendering the tribunal de jure incompetent and liable to termination under section 14(2). Case-Laws Companies Law Thu, 15 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104384