Outer Limit Of 120 Days To File 'Section 34' Application To Set Aside Arbitral Award Not Diluted By 2015 Amendment: SC [Read Order]

The Supreme Court has observed that the mandate under Section 34(3) of the Arbitration and Conciliation Act providing outer limit of 120 days to file an application to set aside Arbitral Award remains unchanged even after 2015 amendment of the Act. In this case, the application for setting aside the arbitral award was preferred beyond 120 days and the same was dismissed in view of the...