https://www.taxtmi.com/caselaws?id=774209 An appellate arbitral award was held vulnerable to challenge under Section 34 because it was rendered after the mandatory time limit prescribed by the institutional bye-laws and SEBI circular had expired. The framework allowed only a three-month period, with a limited two-month extension, and the award was made beyond that extended period. The Court treated the timeline as mandatory in light of its wording and the object of expeditious arbitration, and held that participation in the proceedings and filing written submissions did not amount to waiver of the objection. The delay was found contrary to public policy and sufficient to justify interference. en-us Tue, 01 Jul 2025 00:00:00 +0530 Sat, 05 Jul 2025 08:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774209 An appellate arbitral award was held vulnerable to challenge under Section 34 because it was rendered after the mandatory time limit prescribed by the institutional bye-laws and SEBI circular had expired. The framework allowed only a three-month period, with a limited two-month extension, and the award was made beyond that extended period. The Court treated the timeline as mandatory in light of its wording and the object of expeditious arbitration, and held that participation in the proceedings and filing written submissions did not amount to waiver of the objection. The delay was found contrary to public policy and sufficient to justify interference. Case-Laws Indian Laws Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774209