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 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. 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 specific bar under Section 34 of the Arbitration and Conciliation Act. In a judgment delivered last year, the Supreme Court had reiterated that the application for setting aside the award on the grounds mentioned in sub-section of Section 34 could be made within three months and the period can only be extended for a further period of thirty days on showing sufficient cause and not thereafter.