https://www.taxtmi.com/caselaws?id=299450 The SC dismissed the appeal, affirming the lower courts' decisions to dismiss the applications for setting aside arbitral awards due to limitation issues. The Court held that the prescribed period for challenging arbitral awards under Section 34(3) of the Arbitration and Conciliation Act, 1996, is three months, with an additional 30 days not extendable by Section 4 of the Limitation Act, 1963. The SC emphasized the mandatory nature of adhering to statutory timelines in arbitration matters, reinforcing the interpretation that Section 43(1) of the 1996 Act applies the Limitation Act except where specifically excluded. en-us Thu, 19 Jan 2012 00:00:00 +0530 Sat, 21 Oct 2023 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299450 The SC dismissed the appeal, affirming the lower courts' decisions to dismiss the applications for setting aside arbitral awards due to limitation issues. The Court held that the prescribed period for challenging arbitral awards under Section 34(3) of the Arbitration and Conciliation Act, 1996, is three months, with an additional 30 days not extendable by Section 4 of the Limitation Act, 1963. The SC emphasized the mandatory nature of adhering to statutory timelines in arbitration matters, reinforcing the interpretation that Section 43(1) of the 1996 Act applies the Limitation Act except where specifically excluded. Case-Laws Indian Laws Thu, 19 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299450