https://www.taxtmi.com/article/detailed?id=13149 The Supreme Court held that termination of an arbitral tribunal's mandate under Section 29A(4) is conditional on non filing of an extension application and does not bar a court from extending the mandate after expiry; Section 29A(5) empowers courts to grant such extension on showing of sufficient cause and on terms the court deems fit, with pandemic exclusion of limitation being relevant to computing the applicable period and any delay requiring condonation in light of arbitration's purpose of effective dispute resolution. en-us Wed, 27 Nov 2024 15:49:07 +0530 Wed, 27 Nov 2024 15:49:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13149 The Supreme Court held that termination of an arbitral tribunal's mandate under Section 29A(4) is conditional on non filing of an extension application and does not bar a court from extending the mandate after expiry; Section 29A(5) empowers courts to grant such extension on showing of sufficient cause and on terms the court deems fit, with pandemic exclusion of limitation being relevant to computing the applicable period and any delay requiring condonation in light of arbitration's purpose of effective dispute resolution. Articles Other Topics Wed, 27 Nov 2024 15:49:07 +0530 https://www.taxtmi.com/article/detailed?id=13149