High Court Dismisses Petition, Upholds Tribunal's Discretion to Condon Delay for "Sufficient Cause" in Arbitral Proceedings.

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....HC held that Arbitral Tribunals have discretion to recall orders and condone delays upon showing "sufficient cause." Judicial interference in arbitral proceedings should be minimal, and the HC found no reason to interfere with the Tribunal's order condoning delay in filing Statement of Defence, as exercise of such discretion did not demonstrate perversity or bad faith. Petition dismissed.....