Arbitration Act 1940 | 30-Day Objection Period Starts When Objector Becomes Aware of Award, Not Upon Formal Notice : Supreme Court
Live LawThe Supreme Court noted that under the Arbitration Act, 1940, 30-day period for filing objections begins when the objector becomes aware of the award, not upon receiving formal notice“The question for consideration is whether the time for filing a Section 17 application commences when the party seeking to challenge the award receives a formal notice of the. The Supreme Court noted that under the Arbitration Act, 1940, 30-day period for filing objections begins when the objector becomes aware of the award, not upon receiving formal notice “The question for consideration is whether the time for filing a Section 17 application commences when the party seeking to challenge the award receives a formal notice of the making of the award, or from the date such party is aware of the existence of the award. The bench comprising Justice PS Narasimha and Justice Sandeep Mehta was hearing an appeal filed against the Delhi High Court's decision which affirmed the trial court's decision to declare the Appellant's application for making of the award as premature because it was filed before the commencement of the limitation period for filing objection against the award. The award-holder, however, relied on the much later date of a formal notice to calculate limitation for filing objections to the award.