Reevaluation of Delay Condonation in Arbitration Appeals: Notice Issued for October Hearing.
17 September 2024
Arbitration Law >> Business & Commercial Law
The counsel for the petitioner references the Supreme Court's decision in Union of India vs. Varindera Constructions Ltd. (2020), which states that delays exceeding 120 days in filing an appeal under Section 37 of the Arbitration and Conciliation Act, 1996 cannot be condoned. However, it seems that Section 43 of the same Act may necessitate a reevaluation of this position. Notice has been issued, with a return date set for October 21, 2024.
Arbitration and Conciliation Act, 1996