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    <title>2024 (10) TMI 1393 - Supreme Court (LB)</title>
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    <description>An application for extension of time under Section 29A of the Arbitration and Conciliation Act, 1996 remains maintainable even after the Arbitral Tribunal&#039;s tenure has expired. The Court applied that settled position to each matter individually, extending time where the delay in making and publishing the award was satisfactorily explained and the circumstances justified continuation. Where no sufficient justification existed, extension was refused and the matter was remitted for appointment of a new arbitrator. The connected appeals were disposed of on a mixed basis, with some orders set aside or modified and consequential directions given, including exclusion of time covered by stay or interim orders.</description>
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      <link>https://www.taxtmi.com/caselaws?id=760794</link>
      <description>An application for extension of time under Section 29A of the Arbitration and Conciliation Act, 1996 remains maintainable even after the Arbitral Tribunal&#039;s tenure has expired. The Court applied that settled position to each matter individually, extending time where the delay in making and publishing the award was satisfactorily explained and the circumstances justified continuation. Where no sufficient justification existed, extension was refused and the matter was remitted for appointment of a new arbitrator. The connected appeals were disposed of on a mixed basis, with some orders set aside or modified and consequential directions given, including exclusion of time covered by stay or interim orders.</description>
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