Breaking: Allahabad HC Extends 12 Months Period For Disposal Of Arbitral Proceedings; Allows Release Of Prisoners On Personal Bonds Due To Non-Availability Of Sureties [Read Order]

In view of the national lockdown, the Allahabad High Court on Monday extended the 12 months period stipulated under Section 29A of the Arbitration & Conciliation Act, 1996, for the Arbitral Tribunal to pass the final award in matters other than international commercial arbitration. In a case registered suo moto to meet the eventualities occurred as a consequence to lockdown due to...