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ARTICLE · 13 MAY 2020

Extension Of Limitation Period In Arbitration

Section 29A of the Arbitration & Conciliation Act, 1996 was amended vide Arbitration & Conciliation (Amendment) Act, 2015 w.e.f. 23.10.2015 to set "Time Limit for arbitral award" wherein it was stated that an award ...

IndiaLitigation, Mediation & Arbitration

INTRODUCTION – SECTION 29A OF THE ARBITRATION & CONCILIATION ACT, 1996

Section 29A of the Arbitration & Conciliation Act, 1996 was amended vide Arbitration & Conciliation (Amendment) Act, 2015 w.e.f. 23.10.2015 to set "Time Limit for arbitral award" wherein it was stated that an award shall be rendered within twelve months from the date the arbitral tribunal enters upon reference i.e. when the arbitrator/s receives their notice of appointment.

The Section also allowed a period of extension for six months however, if the award was not rendered within such period, the parties can apply for further extension establishing sufficient cause of the mandate of the Tribunal shall be terminated.

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