https://www.taxtmi.com/caselaws?id=284008 A statutory arbitration referred under Section 54 of the Bombay Co-operative Societies Act, 1925 was held outside the scope of the Indian Limitation Act. Section 3 did not apply by itself to arbitration proceedings, and although Section 37 of the Indian Arbitration Act, 1940 extended the Limitation Act to arbitrations as court proceedings, Section 46 excluded statutory arbitrations from that extension. Principles governing contractual arbitrations, including any implied obligation to decide according to existing law and entertain a limitation defence, could not be imported into a reference created by statute. Rule 35, requiring awards to accord with justice, equity and good conscience, did not override the statutory exclusion. The award could not therefore be interfered with for failure to apply limitation. en-us Mon, 04 Feb 1957 00:00:00 +0530 Wed, 23 Oct 2019 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284008 A statutory arbitration referred under Section 54 of the Bombay Co-operative Societies Act, 1925 was held outside the scope of the Indian Limitation Act. Section 3 did not apply by itself to arbitration proceedings, and although Section 37 of the Indian Arbitration Act, 1940 extended the Limitation Act to arbitrations as court proceedings, Section 46 excluded statutory arbitrations from that extension. Principles governing contractual arbitrations, including any implied obligation to decide according to existing law and entertain a limitation defence, could not be imported into a reference created by statute. Rule 35, requiring awards to accord with justice, equity and good conscience, did not override the statutory exclusion. The award could not therefore be interfered with for failure to apply limitation. Case-Laws Indian Laws Mon, 04 Feb 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284008