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    <title>2006 (4) TMI 463 - Supreme Court</title>
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    <description>Article 137 applies to an application under Section 20 of the Arbitration Act, 1940, so limitation runs only when the right to seek reference accrues. Where parties were still engaged in bona fide negotiations for an amicable family settlement, no crystallised dispute existed and limitation did not begin merely because implementation was delayed. A dispute arises only when settlement is no longer possible and the claim is denied or repudiated. On that basis, the application was held to be within limitation, the High Court&#039;s contrary view was set aside, and the matter was directed to proceed to arbitration.</description>
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      <link>https://www.taxtmi.com/caselaws?id=160552</link>
      <description>Article 137 applies to an application under Section 20 of the Arbitration Act, 1940, so limitation runs only when the right to seek reference accrues. Where parties were still engaged in bona fide negotiations for an amicable family settlement, no crystallised dispute existed and limitation did not begin merely because implementation was delayed. A dispute arises only when settlement is no longer possible and the claim is denied or repudiated. On that basis, the application was held to be within limitation, the High Court&#039;s contrary view was set aside, and the matter was directed to proceed to arbitration.</description>
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