https://www.taxtmi.com/caselaws?id=296359 A delay exceeding 120 days in filing a Section 37 appeal under the Arbitration and Conciliation Act, 1996 is not condonable under Section 5 of the Limitation Act, 1963. The Supreme Court reasoned that the statutory scheme for arbitration emphasises speedy finality, and that permitting condonation beyond the combined 90-day period plus 30-day grace period would defeat that object. It also applied the principle that an appeal is a continuation of the original proceeding, but held that the outer limit for filing such an appeal cannot be crossed. Condonation was therefore refused and the challenge to the order rejecting delay failed. en-us Fri, 06 Dec 2019 00:00:00 +0530 Fri, 23 Jul 2021 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296359 A delay exceeding 120 days in filing a Section 37 appeal under the Arbitration and Conciliation Act, 1996 is not condonable under Section 5 of the Limitation Act, 1963. The Supreme Court reasoned that the statutory scheme for arbitration emphasises speedy finality, and that permitting condonation beyond the combined 90-day period plus 30-day grace period would defeat that object. It also applied the principle that an appeal is a continuation of the original proceeding, but held that the outer limit for filing such an appeal cannot be crossed. Condonation was therefore refused and the challenge to the order rejecting delay failed. Case-Laws Indian Laws Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296359