https://www.taxtmi.com/caselaws?id=256488 Section 34 of the Arbitration and Conciliation Act, 1996 permits a challenge to an arbitral award only by a party to the arbitration agreement, as "party" under section 2(1)(h) means a party to that agreement. The Act's scheme confines the rights of initiation, participation, receipt of the award and challenge to such parties, and a third person cannot invoke section 34 merely because the award affects its interests. The court held that members of a co-operative housing society who were neither parties to the arbitration agreement nor to the arbitration proceedings had no locus standi to file the petition, which was therefore not maintainable. en-us Mon, 08 Dec 2014 00:00:00 +0530 Wed, 15 Jul 2015 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256488 Section 34 of the Arbitration and Conciliation Act, 1996 permits a challenge to an arbitral award only by a party to the arbitration agreement, as "party" under section 2(1)(h) means a party to that agreement. The Act's scheme confines the rights of initiation, participation, receipt of the award and challenge to such parties, and a third person cannot invoke section 34 merely because the award affects its interests. The court held that members of a co-operative housing society who were neither parties to the arbitration agreement nor to the arbitration proceedings had no locus standi to file the petition, which was therefore not maintainable. Case-Laws Indian Laws Mon, 08 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256488