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Starting Point Of Limitation U/ Section 34(3) Arbitration Act In Cases Of Suo Motu Correction Of Award: Supreme Court ExplainsThe Supreme Court observed that the starting point for the limitation.
This case is a stark reminder that timelines for filing an application for setting aside an arbitral award under the Arbitration & Conciliation Act, 1996, are not extendable, even in cases where the courts themselves are closed due to vacations.
The Supreme Court has held that an application under Section 34 of Arbitration and Conciliation Act, 1996 must be filed within “prescribed period” of limitation i.e. 90 days, for seeking benefit of.